Wednesday 13 December 2017

Kingspan reports higher sales and earnings in first half

Gene Murtagh
Gene Murtagh

Insulation and building specialist Kingspan has announced higher earnings and revenues for the first half of the year.

The figures showed earnings before interest, taxation, depreciation and amortisation of €88.9m, up 17pc for year ended June.

Revenues were 4pc higher at €889.3m.

Gene Murtagh, chief executive of Kingspan, said: “Kingspan has delivered strong growth in profitability, notwithstanding a tougher EU construction sector in the second quarter, and a global economic recovery that remains weak. Our order book carried good momentum into the second half of the year, driven by continued growth in the demand for low energy buildings.”

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