Kingspan welcomes record year with €877m trading profit

Profit increased by 5%, topping previous record in 2022

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

Insulation specialists Kingspan have welcomed another record year for the Irish firm, topping its previous high in 2022 and delivering a 5% rise in trading profit to €877m.

The Cavan-headquartered company posted a 7% rise in earnings per share, despite revenue declining marginally by 3% in total to €8.1bn, and by 7% on an underlying basis, with Kingspan adding that the drop in revenue was due to the knock-on deflationary impact of raw material pricing in the early part of the year.