Ireland's Kingspan reports 'extraordinary demand' in data centre-focused unit (updated)

Kingspan

20/02/2026 09:07

Updates with CEO comments from FY results analyst call in bullet points 5, 6 and 8; updates share price

DUBLIN, Feb 20 (Reuters) - Irish building materials manufacturer Kingspan KSP.I said on Friday its data centre-focused ADVNSYS business was experiencing extraordinary demand, with orders in the first weeks of 2026 double those in the corresponding period last year.

ADVNSYS unit produces bespoke critical infrastructure such as ventilation

ADVNSYS sales grew 12% in 2025, buoyed by tech sector activity, Kingspan said in full-year results

"Order intake in 2026 to date is double the same period last year. Extraordinary pipeline," it said in the statement.

"To meet extraordinary demand we are rapidly ramping up manufacturing capacity in the US, Middle East and Asia,” Kingspan CEO Gene Murtagh said in the full-year results

Earlier forecast for ADVNSYS 2026 EBITDA of 300 million euro ($353 million) would be a minimum, Murtagh tells analyst call

Kingspan sees group earnings growth of around 10% in the coming year and expects the rate of growth to accelerate beyond that into 2027 and 2028, Murtagh says

Kingspan shares up 7% at 0900 GMT

Kingspan dropped plans this year for an initial public offer of ADVNSYS. IPO idea has been "put to bed", Murtagh says

($1 = 0.8503 euros)

 (Writing by Conor Humphries. Editing by Clarence Fernandez and Mark Potter)

 ((conor.humphries@thomsonreuters.com; +353 1 236 1915;))