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Kingspan 3rd quarter sales up by 24%, trading profit for the year-end to be €440 million 

kingspan

Kingspan, an Ireland based building materials group, has made an indication that the company is expected to make a trading profit of around €440 million. It would be a growth of 15% as compared to last years trading profit.

In the first 9 months of the year, the company made a revenue of €3.18 billion. The revenue for the first 3 quarters is an 18% increase from the same time last year.

The company stated that the overall sales in the 3rd quarter itself were up by 24% as compared to the same time last year.

Kingspan stated that it had a net debt of €878.4 million at the end of September 2018. The company made a forecast that its debt by the end of the year would go down to €750 million.

The company said they are very optimistic about the markets and the company has a strong amount of orders in hand.

The company forecasted its full years trading profit of about €440 million which would be a rise of 15% from the previous year.

 

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