20 Jun 2022 07:00
Kingspan Group plc
Pre-Close Statement
Inside Information
20 June 2022
Kingspan will report its results for the first half of the year on 19 August and we expect to report a record H1 2022 trading profit in the region of €415m, strongly ahead of the €329m reported for the first half of 2021.
We have seen the mood in most end markets deteriorate over the last two months with order intake volume down significantly on the May and June period in 2021 although ahead versus the same period in 2019. Our global backlog of orders on hand in Insulated Panels is down 2% in volume at the end of May having been 19% ahead at the end of March.
Kingspan is positioned strongly overall for medium term and beyond given the global focus on energy efficiency, our high performance product suite, our distinctive Planet Passionate agenda and diversity of our end markets.
For further information contact:
Kingspan +353 42 9698000
Lorcan Dowd, Group Company Secretary
Murray Consultants +353 1 4980300
Douglas Keatinge