Kingspan welcomes record revenues of €4.5bn despite 'slow start' to 2025
In a trading update on Friday, Kingspan said its after-tax profits climbed 8% in the six months to €334.2m, with the firms earnings before interest, tax, depreciation and amortisation (Ebitda) rising by 7% in the first half of this year to €572m.
Acquisitions contributed 9% to sales growth and 4% to trading profit growth in the six months, with Kingspan investing a total of €398.2m in acquisitions and capital expenditures.
Revenue at Kingspan's Insulated Building Envelopes was ahead by 8% and was up by 12% in Advanced Building Systems, while order intake volume in Insulated Building Envelopes was up by 5% and ahead by 10% in value at Advanced Building Systems.
'After a slow start to 2025 and despite geopolitical uncertainty in the period, Kingspan is pleased to have delivered record revenues and trading profits with a strong order book and a promising innovation pipeline as we enter H2," said chief executive, Gene Murtagh.
'Activity levels have firmed as the year progressed and conditions remain relatively stable, albeit with outlook varying by market and segment and supported by continuing structural growth opportunities.
"At a macro level, we expect Europe and LATAM to offer more attractive scope in the near term with the US delivering over the medium and longer term as we advance industry penetration and grow our share through innovation.
Mr Murtagh added that the firm expects to deliver a full year trading profit of approximately €950m, which would be 5% ahead of 2024.
The company also said that it would carry out a share buyback of €650m over the next 18 to 24 months, announcing its intention to repurchase up to 10% of the issued ordinary shares of €0.13 each.
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