DAVY VIEW

Kingspan is expected to deliver profit growth in H1 despite persistently choppy end-markets. Regardless of near-term gyrations, the group continues to press ahead with its development agenda with a resolute focus on longer-term delivery and value creation. The stock is only ahead modestly year to date, leaving Kingspan attractively valued – especially considering the exposure the group offers to the structural demand for energy efficient solutions for the built environment.