Kingspan expecting revenue growth for 2005

ISEQ-listed construction company Kingspan says it achieved strong revenue growth in the first half of 2005, which continued through the second half.

In a trading statement issued this morning ahead of full-year results to be published in March, the company said that volume growth was satisfactory and that raw material prices and supply had stabilised.

Operating profit and earnings growth for the year will both be significantly ahead of figures for 2004 and in line with current market expectations, Kingspan said.

Net debt at year end is expected to be approximately €180m, after €45m in capital expenditure and an acquisition spend of €140m.