Kingspan posts marginal drop in sales amid warnings of future cost hikes

Total group sales approached €2bn from January to March, down by 1% annually, or 8% down on an underlying basis

Pictured is Chief Executive Officer, Gene Murtagh. Photo:Leah Farrell/RollingNews.ie

Cavan insulation specialists Kingspan saw a marginal decline in sales in the first three months of this year with "seasonal factors" marking to a sluggish start to 2024.

The group said stable pricing so far this year allowed for "positive" trading volumes, however, it noted that primary input costs "could rise again" in the near term.