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Kingspan sales rise in third quarter but company says ‘difficult to look too far ahead’ due to geopolitical ‘moving parts’

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Sales at Irish insulation specialist Kingspan Group rose 3% in first nine months of year, buoyed by a 6% rise in Q3

Kingspan sales rise in third quarter but company says ‘difficult to look too far ahead’ due to geopolitical ‘moving parts’

In a trading update for the period to September 30th 2024, Kingspan said its insulated panels business saw sales improve in the third quarter, rising 1 per cent, but were down 2 per cent over the first nine months of its financial year. Although the Americas, France and Germany were showing signs of strength, eastern Europe remained challenging overall.

Kingspan’s net debt at the end of September was €1.39 billion, with liquidity boosted by its recent €750 million public bond with a fixed annual coupon of 3.5 per cent.

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Kingspan debuts on bond market with €750m dealDeal comes in same week as firm said it had taken majority stake in Nordic Waterproofing
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