Wednesday 18 October 2017

Kingspan revenues gain on recovery in UK

Eugene Murtagh, Kingspan founder and non-executive chairman
Eugene Murtagh, Kingspan founder and non-executive chairman

BUILDING materials group Kingspan has reported 13pc growth in sales to the nine months ended September to €1.32m compared with last year.

The company said the boost came as the firm saw  "clear evidence" of recovery in some parts of the UK construction market

However, it added recovery in other markets is generally more tentative.

A slowdown in US activity was recorded in the third quarter while markets like 

It noted a slowdown in activity in the US in the third quarter Australia, Turkey and the Middle East continue to progress well.

"Taking account of this, and with the seasonally important fourth quarter to come, the Group expects to deliver trading profit growth of approximately 10% for the year", Kingspan said.

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