Kingspan going from strength to strength

Kingspan has posted a 19% increase in revenue for the year ending January 31, 2018, according to preliminary figures.

The results show a revenue of €4.4 billion for the Kingscourt based building materials company, with a trading profit of €445 million.

The company reported a strong performance in the Americas and continental Europe for insulated panel sales, which were up 21% for the year.

In a statement, Kingspan said it was the first time earnings before interest, tax, depreciation and amortisation exceeded €500m.

They said that with the exception of the UK market, most markets ended the year strongly with order banks well positioned for the start of 2019.

Gene M. Murtagh, Chief Executive of Kingspan commented: