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Apr 26 2024, 07:10 IST/BST
Kingspan Group
Still on track
- Sectors : Building products
- Companies : Kingspan Group
DAVY VIEW
Kingspan’s trading update suggests the group’s performance remains solid despite an unfavourable pricing backdrop. The latter should ease as a headwind in H2, and Kingspan overall remains positioned to make further progress this year. We expect little change to headline consensus estimates for the year, which are consistent with our trading profit forecast of €914m. We reiterate our confidence in Kingspan’s ability to remain a sector leader and that it will continue to reward investors.
