Kingspan posts record trading performance as profit climbs to €435m

Co Cavan-based Kingspan also announced its planned acquisition of 51% of German building envelope firm Steico

Chief Executive Officer of Kingspan, Gene Murtagh. Photo: Sam Boal/Rollingnews.ie

Cavan-based insulation giant, Kingspan posted a record half-year performance in what they called a "testing environment," with trading profit rising to €435.5m in the first six months of 2023.

Up marginally from €434.2m in the same period last year, the building giant benefitted from an "exceptional" performance across the Americas and the US, with the group's profit before tax climbing to €324m, up slightly from €319m in the first half of last year.