27/02/2012

Kingspan Report Profits Rise

Kingspan, a provider of insulation and building envelope solutions, has reported a 30% increase in revenue to €1.55 billion.

The Irish company's annual results for the year showed trading profit grew 33% from €72.0m to €95.7m, an increase of 24% excluding acquisitions.

The acquisition and integration of the CIE insulation business, significantly strengthening the Group’s Mainland European presence. Insulation Boards divisional revenues grew by 85% to €460m.

Gene Murtagh, Chief Executive of Kingspan commented: "Kingspan delivered a strong performance last year helped by significant sales growth and stable margins.

"Although the international economic outlook remains uncertain, the Group continues to expand its global presence in markets which are driven by conversion to high performance insulation products and an increasing desire for lower energy living standards."

Strong volume growth in Insulated Panels across most regions, demonstrating continued growth in penetration, with revenue up 19% to €758m

(GK)

Related Irish News Stories
Click here for the latest headlines.

09 January 2020
20-Year-Old Charged With Attempted Abduction Of 69-Year-Old Woman
A 20-year-old has appeared at Dublin District Court charged in connection with the attempted abduction of a woman in Dublin. The woman, 69, was attacked from behind on the morning of Monday, 06 January, as she walked on Blackhorse Avenue.
17 October 2022
31-Year-Old Jailed For Terrorism Related Offences
The PSNI's Paramilitary Crime Task Force have welcomed the sentencing of William (Billy) Simms at Belfast Crown Court. The 31-year-old was handed a two-year prison sentence for possession of items for use in terrorism and possession of a prohibited weapon.
26 September 2022
25-Year-Old Arrested For Attempted Murder Of Police Officers
A 25-year-old man has been arrested after using a tractor to ram three police cars in an attempt to evade capture. Officers investigating a report of a drink driver in Fivemiletown attended an address in the Tattenabuddagh Lane area just after midnight on Saturday 24 September as part of their enquiries.
22 September 2022
61-Year-Old Convicted Over Money Lending And Tax Evasion
Officers from the Paramilitary Crime Task Force (PCTF) have welcomed the sentence handed down to 61-year-old Geoffrey Beggs at Antrim Crown Court on Tuesday 20 September. The 61-year-old was sentenced to 20 months suspended for two years for money lending; and 12 months suspended for two years for tax evasion.
20 December 2019
Renewed Appeal For Missing 13-Year-Old Chantelle Doyle
Gardaí have renewed an appeal for help in tracing the whereabouts of 13-year-old Chantelle Doyle. The teenager was last seen in the vicinity of Dublin Airport on Saturday 14 December 2019. Chantelle is described as being approximately 5 foot 2 inches in height with a slight build, long brown hair and blue eyes.