Industry & Business

Kingspan’s nine month sales reach €2 billion

 Breaking News
  • Grand Canal Innovation District Planned For Dublin A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. [...]...
  • Heiton Buckley Unveils Newly Refurbished Mayo Branch Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked [...]...
  • Export Sales by Enterprise Ireland Client Companies Hit New Record Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of [...]...
  • BAM Wins €25 Million Contract to Build New Cheese Factory in Cork TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and [...]...
  • HBAN Scoops Major European Business Angel Network Award HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, was crowned Globally Networked Organisation 2018 at the recent EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria. HBAN was awarded the prominent European accolade in recognition of the significant [...]...

Kingspan’s nine month sales reach €2 billion

November 09
10:14 2015

KingspanKingspan, the building materials firm, has reported sales of €2 billion for the first nine months of the year. The sales are up 44 percent on the same time last year.

In an interim management statement, Kingspan said the figure was boosted by the contributions of recent acquisitions, while movement on the currency markets also provided a boost.

With both of those factors removed, the company said that underlying sales were up 3 percent in the year to date.

Kingspan said it expects to deliver a full year trading profit of €250m should current exchange rates prevail. This would mark a 68 percent increase year on year.

The Cavan-based company said the first nine months of 2015 had been a significant period for Kingspan with the integration of both the Joris Ide and VicWest businesses fully on track.

“Profitability has benefited from strong operating leverage, and has been further complemented by unusually favourable exchange rates and a positive input cost environment,” today’s statement said.

The company said that sales of its insulated panels rose by 54 percent in the first nine months of the year, while they jumped by 73 percent in the third quarter.

Insulation board sales were up 39 percent in the first nine months of the year, while they rose by 38 percent in the third quarter.

The company said its environmental sales in the nine month period and the third quarter rose by 8 percent, while access floors sales increased by 17 percent in the nine months to September and by 9 percent in the third quarter.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4