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Kingspan 'well placed to take opportunities' yielded by crisis

 

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Gene Murtagh, CEO of Kingspan

Gene Murtagh, CEO of Kingspan

Gene Murtagh, CEO of Kingspan

INSULATION giant Kingspan is "very well placed" to take advantage of any potential opportunities as a result of Covid-19, according to analysts.

Flor O'Donoghue, of Davy Stockbrokers, said while Kingspan had been early in identifying the challenges posed by Covid-19, it would not prevent a "material hit" to this year's earnings.

"But the business remains in fundamentally good health as evident in its financial position. With crisis comes opportunity and, in this regard, Kingspan is well placed," Mr O'Donoghue said.