Kingspan Group Expects 2019 Trading Profit in Line With Views

Date : 11/18/2019 @ 8:32AM
Source : Dow Jones News

Kingspan Group Expects 2019 Trading Profit in Line With Views

By Anthony O. Goriainoff


Kingspan Group PLC (KRX.DB) said Monday that it expects to deliver a full-year trading profit of around 490 million euros ($541.4 million), and that this is in line with consensus.

The Ireland-based building and insulation materials company said trading profit for 2018 was EUR445.2 million.

For the nine months ended Sept. 30 the company said sales were up 8% at EUR3.43 billion, with sales growth slowing to 2% in the third quarter.

Pre-currency and acquisitions underlying sales--a key metric for the company which strips out exceptional and other one-off items--were up 2% in the year to date and flat in the third quarter, the company said.

The board said it was mindful of sentiment in some markets--most notably in the U.K.--and that this is likely to influence sales activity in the first quarter of 2020 at least.


Write to Anthony O. Goriainoff at


(END) Dow Jones Newswires

November 18, 2019 03:17 ET (08:17 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.