Brief: Kingspan CEO: Growth in trading profit to €1.3 billion achievable in 2027
BRIEF-Kingspan CEO: Growth in trading profit to €1.3 billion achievable in 2027 Aug 7 (Reuters) - Kingspan Group PLC KSP.I half year results analyst call:
KINGSPAN CEO: FEELS LIKE ABOUT €1.3 BILLION OF ORGANIC RATE OF GROWTH OUGHT TO BE ACHIEVABLE AT A TRADING PROFIT LEVEL FOR 2027
KINGSPAN CEO: MARKET SHARE GROWTH IN ADVNSYS IS 'HURTLING ALONG', SHARE OF WALLET INCREASING AS WE ADD DIFFERENT TECHNOLOGIES
KINGSPAN CEO: WE WILL LOOK AT CHUNKY M&A DEALS BUT NOTHING THAT WOULD STRECH DEBT BEYOND 2X EBIDTA
KINGSPAN CFO: EXPECT TRADING MARGIN TO PICK UP TO CLOSE TO 12% IN H2, ONGOING INCRIMENTAL IMPROVEMENT AS WE MOVE THROUGH THE YEARS
KINGSPAN CEO: COULD SEE FURTHER SMALL INCREASE IN STEEL PRICES IN H2, CHEMICALS TO REMAIND BROADLY STABLE
KINGSPAN CEO: ADVNSYS IPO DISCUSSION IS OVER
KINGSPAN CEO: HAVE AN ORDER BANK OF AROUND 1 YEAR IN ADVNSYS, SOME ENGAGEMENT BEYOND THAT
KINGSPAN CEO: ACQUISITION OPPORTUNITIES QUITE BROAD, FLESHING OUT ADVNSYS PORTFOLIO IS A CRITICAL AREA OF M&A FOCUS
Further company coverage: KSP.I
(Reporting By Padraic Halpin)
((Padraic.Halpin@thomsonreuters.com;))
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