Kingspan shares rise 6% after 'bumpy year' marked by energy crisis             

Firm says it is 'well placed' to tap increased demand for insulation products with sales of €8.3bn

Shares in Kingspan rose 6% as the Irish firm posted sales of €8.3bn, saying it was well placed to tap increased demand for its insulation products following "a bumpy year" marked by the energy crisis. 

Despite weakness in many European markets, demand held up well in Germany, the Americas, and Australasia, that helped generate an 8% increase in after tax profits of €616m in 2022 as revenues climbed 28% to over €8.3bn.