Brief: Kingspan retains recent outlook, says inflationary pressures easing

Kingspan

19/08/2022 07:16

Aug 19 (Reuters) - Kingspan Group PLC  KSP.I :
    * KINGSPAN - H1 REVENUE UP 42% TO A RECORD €4.2BN,
(UNDERLYING UP
27%).
    * KINGSPAN - LOWER ORDER INTAKE IN QUARTER TWO YET SOLID
QUOTATION
PIPELINES IN MOST KEY MARKETS.
    * KINGSPAN - INSULATED PANELS SALES INCREASE OF 39% DRIVEN
BY RAW
MATERIAL LED PRICE GROWTH, INSULATED SALES UP 69%
    * KINGSPAN - H1 TRADING  PROFIT UP 32% TO €434.2M,
(UNDERLYING UP
15%)
    * KINGSPAN - RETAIN OUTLOOK FLAGGED IN JUNE TRADING UPDATE
BUT ARE
CONFIDENT IN THE LONG TERM DEMAND FOR ENERGY EFFICIENT SOLUTIONS
    * KINGSPAN - GROUP TRADING MARGIN OF 10.5%, A DECREASE OF
80BPS
VERSUS THE SAME PERIOD IN 2021
    * KINGSPAN - WE HAVE BEEN ABLE TO NAVIGATE LARGE INPUT COST
INCREASES WITH ONLY MODEST MARGIN IMPACT
    * KINGSPAN - INTERIM DIVIDEND UP 29% TO 25.6 CENT (H1 2021:
19.9
CENT) IN LINE WITH POLICY GUIDANCE
    * KINGSPAN - INFLATIONARY PRESSURES HAVE EASED IN RECENT
MONTHS
    * KINGSPAN - ENERGY SUPPLY CONSTRAINTS OVER THE WINTER
MONTHS IN
EUROPE WILL BE SOMETHING WE WILL BE CLOSELY MONITORING
    * KINGSPAN - BUILDING ECONOMY IS LIKELY TO CONTRACT IN MANY
PARTS
OF THE WORLD IN THE MORE IMMEDIATE TERM
    * KINGSPAN - DROP IN MARGIN PRIMARILY REFLECTS LAG IN SOME
RAW
MATERIAL INFLATION RECOVERY, ABNORMALLY HIGH MARGIN IN PRIOR
YEAR

Source text for Eikon:  ID: 
Further company coverage:  KSP.I 

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