Brief: Kingspan expects H1 trading profit growth after 'good' Q1

Kingspan

30/04/2025 07:00

April 30 (Reuters) - Kingspan Group PLC KSP.I:

KINGSPAN - GOOD Q1 DESPITE SLUGGISH START DUE IN MAIN TO SEASONAL FACTORS. GROUP SALES +9% Y/Y YO €2.1BN (MODESTLY AHEAD ON AN UNDERLYING BASIS)

KINGSPAN - EUROPE OVERALL RECORDED SALES GROWTH WITH REASONABLE ACTIVITY, LATIN AMERICAN SALES ROBUST WITH MIDDLE EAST AND INDIA STARTING YEAR WELL

KINGSPAN - WHILE US HAVE BEEN UNDERSTANDABLY SLOW, ORDER INTAKE HA SBEEN VERY STRONG, WITH THE US ORDERBOOK CURRENTLY AT RECORD LEVELS

KINGSPAN - INSULATED PANELS AND INSULATION SALES BOTH +4% WITH UNDERLYING SALES BROADLY IN LINE, DATA SOLUTIONS +37%, ROOFING & WATERPROOFING SALES +55% DUE TO NORDIC WATERPROOFING ACQUISITION

KINGSPAN - TRADING OUTLOOK REMAINS IN REASONABLE SHAPE OVERALL WITH SENTIMENT VARYING SIGNIFICANTLY BY REGION

KINGSPAN - EXPECT TO DELIVER OVERALL TRADING PROFIT GROWTH IN THE FIRST HALF

Further company coverage: KSP.I

 (Reporting By Padraic Halpin)

 ((Padraic.Halpin@thomsonreuters.com;))