Brief: Kingspan CEO sees return of some cost inflation in 'not too distant future'

Nordic Waterproofing Holding AB

16/02/2024 08:31

Feb 16 (Reuters) - Kingspan Group PLC  KSP.I  analyst
call:
    * KINGSPAN CEO SAYS WE HAVE MADE OUR OFFER FOR NORDIC
WATERPROOFING AND OUR STICKING TO OUR PRICE
    * KINGSPAN CEO SAYS QUITE LIKELY WE SEE SOME COST INFLATION
IN NOT
TOO DISTANT FUTURE, POSSIBLY AROUND CHEMICAL, STEEL; FEELS
TRENDING THAT WAY IN EUROPE AT LEAST
    * KINGSPAN CEO SAYS BEGINNING OF THE YEAR FAIRLY CONSISTENT
WITH
Q4 FROM PRICING TREND PERSPECTIVE, CERTAINLY DON'T EXPECT GOING
LOWER
    * KINGSPAN CEO SAYS SEEING REASONABLE AMOUNT OF STRESS AMONG
PROPERTY DEVELOPERS BUT NOT TO WORRYING EXTENT, MOST CONCERNED
ABOUT UK RATHER THAN GERMANY

Further company coverage:  KSP.I 

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