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Aug 16 2024, 07:10 IST/BST
Kingspan Group
Margin weakness hits H1 but growth expected to resume in the second half
- Sectors : Building products
- Companies : Kingspan Group
DAVY VIEW
Kingspan’s first-half results for 2024 can be considered resilient with end-markets justifiably described as a “grind”. That said, trading profit untypically fell a little short of what was anticipated due to selected margin softness. We expect trading profit expectations for the full year to fall back towards €900m, which would imply a cut of just over 1.5% to our forecast. But we regard this as a temporary set-back and retain our conviction that Kingspan’s intrinsic potential and “flourishing development agenda” is as exciting as ever.
