Davy Research

Kingspan Group

Rockwool off to a decent start
Building products
Kingspan Group

DAVY VIEW

Full year guidance is unchanged, but Rockwool has enjoyed a good start to the year. An acceleration in revenue growth (up 6% in local currencies) and margin expansion (100 basis points expansion in Insulation) were stand-out features of its Q1 results. The group has lost considerable ground to Kingspan in recent times but now looks to be on a more solid footing.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Kingspan Group

    Closing Price: 3077c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    Neutral

Analyst(S)

COMPANY DATA

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