Kingspan eyeing more European and North American acquisitions

Kingspan is eyeing more European and north American acquisitions as it seeks further growth on the back of a year of record revenues.

Kingspan eyeing more European and North American acquisitions

The Co Cavan-based international specialist building materials group yesterday beat its own and analysts estimates by reporting a 33% rise in trading profit, for 2016, to €340.9m and revenue growth of 12% to €3.1bn. Management had eyed revenues of around €3bn and a 30% rise in profit.

On an operational basis, the core business of insulated panels drove growth as expected, with a 17% rise in turnover to €2.1bn and a 38% increase in trading profit to €228m. Growth was also evident in the access floors, insulation boards and environmental areas.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited