REG - Kingspan Group PLC - Trading Update

KingspanAnnouncement

11/07/2023 07:00

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RNS Number : 5595F  Kingspan Group PLC  11 July 2023

Kingspan Group plc

Summary Trading Update

 

Inside Information

 

11 July 2023

 

Kingspan Group plc, the global leader in high performance insulation and
building envelopes, will report its results for the first half of the year on
18 August and we expect to report a record H1 2023 trading profit in the
region of €435m, modestly ahead of the €434m reported for the first half
of 2022.

Market and category performances have varied widely with the Americas overall
outpacing European activity. Certain applications are performing strongly
particularly those seeking ultra energy efficiency and lower carbon in
categories such as tech and automotive production. The demand for data
applications remains strong with artificial intelligence projects an emerging
feature. The residential sector worldwide is subdued in a higher interest rate
environment although the underlying need for housing appears strong in most
markets.

The Group is positioned favourably overall as it enters the third quarter
although it is still early days. Our development agenda and pipeline is
encouraging.

Kingspan is positioned strongly overall for the medium term and beyond given
the global focus on energy efficiency, our high-performance product suite,
our distinctive Planet Passionate agenda and ever-growing diversity of our end
markets.

 

For further information contact:

 

Lorcan Dowd, Kingspan Group Company Secretary +353429698000

 

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