Kingspan and Grafton shares surge on trading momentum

Kingspan said it now expects trading profit for the first half of 2021 to be in the region of €315m

Kingspan chief executive Gene Murtagh. The firm said its already strong order backlog has grown further in the second quarter of the year.

Shares in Irish building materials groups Kingspan and Grafton have surged on the back of them reporting strong trading momentum and growth through acquisition.

Environmental and insulation specialist Kingspan said its strong first-quarter trading levels have continued into the second three months of the year.