April 30 (Reuters) - Kingspan Group PLC KSP.I:
KINGSPAN - HAD A GOOD FIRST QUARTER DESPITE A TOUGH START TO THE YEAR DUE TO HARSH WINTER CONDITIONS IN CONTINENTAL EUROPE AND MUCH OF THE US
KINGSPAN - Q1 GROUP SALES OF €2.1BN WERE UP 3% PRE-CURRENCY AND IN LINE ON A REPORTED BASIS; STRONG ORDER ACTIVITY AUGURS WELL FOR REST OF YEAR AND BEYOND
KINGSPAN - EUROPE SOLID WITH SIMILAR PATTERN IN AMERICAS WHERE SLOW START MADE WAY FOR MORE MOMENTUM TOWARDS QUARTER-END; APAC CONTINUES TO PROGRESS WELL
KINGSPAN - Q1 INSULATED BUILDING ENVELOPES SALES -2% PRE-CURRENCY
KINGSPAN - Q1 ADVNSYS SALES +28% PRE-CURRENCY, WITH PACE OF SALES GROWTH EXPECTED TO RAMP FURTHER IN MONTHS AHEAD
KINGSPAN - ORDER INTAKE YEAR TO DATE MORE THAN TWICE THAT OF SAME PERIOD LAST YEAR, THE PIPELINE OF GLOBAL DATA CENTRE OPPORTUNITIES 'EXTRAORDINARY'
KINGSPAN - AT CURRENT TIME WE CONTINUE TO PRIORITISE GROUP’S DEVELOPMENT AGENDA OVER THE SHARE BUYBACK PROGRAMME
KINGSPAN - ACQUISITION PIPELINE REMAINS STRONG, INCLUDING SCALE OPPORTUNITIES THAT FURTHER ADVANCE OUR TECH OFFERING AND CONVERGING SOLUTIONS
KINGSPAN - TRADING OUTLOOK IN GOOD SHAPE WITH INFLATION RECOVERY EFFORT UNDERWAY, EXPECT FY TRADING PROFIT IN REGION OF €1.05BN
Further company coverage: KSP.I
(Reporting By Padraic Halpin)
((Padraic.Halpin@thomsonreuters.com;))