Brief: Kingspan sees FY trading profit in line with 2023

Kingspan

05/11/2024 07:02

Nov 5 (Reuters) - Kingspan Group PLC  KSP.I :
    * KINGSPAN - SALES IN NINE MONTHS TO END-SEPT €6.35BN, UP 3%
Y/Y/AND UP BY 6% Q/Q ON CONSTANT FX
    * KINGSPAN -  WHILSTEND MARKETS HAVE THEIR OBVIOUS
CHALLENGES THE
GLOBAL BACKLOG OF ORDERS IS AHEAD Y/Y
    * KINGSPAN - THE GROUP’S DEVELOPMENT PIPELINE REMAINS STRONG
    * KINGSPAN - EXPECT TO DELIVER A FULL YEAR TRADING PROFIT
BROADLY
IN LINE WITH THE RECORD LEVEL ACHIEVED IN 2023
    * KINGSPAN - ACTIVITY IN AMERICAS REMAINS IN LINE OVERALL
AGAINST
A STRONG COMPARATIVE, FRANCE IS HOLDING UP WELL AND GERMANY
SHOWING GROWTH
    * KINGSPAN - SALES PRE CURRENCY AND ACQUISITIONS WERE DOWN
4% IN
THE YEAR TO DATE AND IN LINE WITH Q3 2023
    * KINGSPAN - INSULATED PANELS SALES +1% Q/Q, -2% IN THE
FIRST NINE
MONTHS, Q3 SALES VOLUMES WERE AHEAD GLOBALLY
    * KINGSPAN - INSULATION SALES IN FIRST NINE MONTHS +18%,
+20% IN
Q3; DATA SOLITIONS +29% YTD, +47% IN Q3

Further company coverage:  KSP.I 

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