Brief: Kingspan FY trading profit up 10% in "bumpy year"

Kingspan

17/02/2023 07:00

Feb 17 (Reuters) - Kingspan Group PLC  KSP.I :
    * KINGSPAN - TRADING PROFIT UP 10%TO 833 MILLION EUR,
(PRE-CURRENCY, UP 7%)
    * KINGSPAN - GROUP TRADING MARGIN OF 10.0%, A DECREASE OF
160BPS
    * KINGSPAN - FINAL DIVIDEND PER SHARE OF 23.8 CENT (2021:
26.0
CENT) GIVING A TOTAL DIVIDEND FOR THE YEAR OF 49.4 CENT (2021:
45.9 CENT).
    * KINGSPAN - FY REVENUE UP 28% TO 8.3 BILLION EUR,
(PRE-CURRENCY,
UP 25%);  16% INCREASE IN UNDERLYING SALES REFLECTED PRICE
GROWTH OFFSET BY AN OVERALL REDUCTION IN VOLUME
    * KINGSPAN - AMERICAS, GERMANY AND AUSTRALASIA THE MOST
STABLE FOR
KINGSPAN, WITH MUCH OF EUROPE WEAKER
    * KINGSPAN - VERY WELL PLACED FOR CONTINUING PROGRESS FOR
BENEFIT
OF ALL STAKEHOLDERS
    * KINGSPAN - VIRTUALLY ALL WALKS OF LIFE HAVE BEEN AND
WILLBE
FURTHER IMPACTED BY THE PREVAILING ENERGY COST AND AVAILABILITY
DYNAMICS
    * KINGSPAN - ANTICIPATE BROADLY SIMILAR TRADING PROFIT IN Q1
2023
TO THAT OF 2022, AIDED IN PART BY ACQUISITIONS; Q2 COMPARATIVES
MORE DEMANDING
    * KINGSPAN -  BUMPY YEAR, STRONG H1 PERFORMANCE GAVE WAY TO
A MORE
SUBDUED ENVIRONMENT IN H2

Further company coverage:  KSP.I 
 (Reporting By Padraic Halpin)
 ((Padraic.Halpin@thomsonreuters.com;))