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.