Brief: Kingspan volumes down 5-10% in July, August as it protects price

Kingspan

19/08/2022 09:46

Aug 19 (Reuters) - Kingspan Group PLC  KSP.I  executives
speaking on analyst call:
    * KINGSPAN CEO SAYS SALES INTAKE HAS REDUCED TO A MORE
NORMAL
LEVEL
    * KINGSPAN CEO SAYS H2 REVENUE WILL PROBABLY BE UP 10%, THAT
WILL
OBVIOUSLY INCLUDE SOME VOLUME DECLINE
    * KINGSPAN CEO SAYS AS EXTREMELY LOW CONSUMERS OF ENERGY,
REASONABLY CONFIDENT OUR FACILITIES WILL NOT BE INTERRUPTED IN
COMING MONTHS
    * KINGSPAN CEO SAYS DO NOT KNOW HOW SUSTAINED EASING OF SOME
RAW
MATERIAL COSTS WILL BE
    * KINGSPAN CEO SAYS FULL YEAR MARGIN SHOULD BE AROUND 10.5%
    * KINGSPAN CFO SAYS VOLUMES DOWN AROUND 5-10% IN JULY AND
AUGUST
    * KINGSPAN CEO SAYS WOULD BE EASY TO CUT PRICES AND PICK UP
VOLUME, RUNNING VERY CONSCIOUS STRATEGY OF PROTECTING PRICE AND
MARGIN

Further company coverage:  KSP.I 

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