Kingspan Group PLC Trading Update (5595F)
11 7월 2023 - 3:00PM
UK Regulatory
TIDMKGP
RNS Number : 5595F
Kingspan Group PLC
11 July 2023
Kingspan Group plc
Summary Trading Update
Inside Information
11 July 2023
Kingspan Group plc, the global leader in high performance
insulation and building envelopes, will report its results for the
first half of the year on 18 August and we expect to report a
record H1 2023 trading profit in the region of EUR435m, modestly
ahead of the EUR434m reported for the first half of 2022.
Market and category performances have varied widely with the
Americas overall outpacing European activity. Certain applications
are performing strongly particularly those seeking ultra energy
efficiency and lower carbon in categories such as tech and
automotive production. The demand for data applications remains
strong with artificial intelligence projects an emerging feature.
The residential sector worldwide is subdued in a higher interest
rate environment although the underlying need for housing appears
strong in most markets.
The Group is positioned favourably overall as it enters the
third quarter although it is still early days. Our development
agenda and pipeline is encouraging.
Kingspan is positioned strongly overall for the medium term and
beyond given the global focus on energy efficiency, our
high-performance product suite, our distinctive Planet Passionate
agenda and ever-growing diversity of our end markets.
For further information contact:
Lorcan Dowd, Kingspan Group Company Secretary +353429698000
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END
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July 11, 2023 02:00 ET (06:00 GMT)
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