Kingspan Group

2019 guidance implies significant downside to Rockwool consensus estimates

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 3774c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



Rockwool’s 2018 results were not as strong as expected despite an increase of over 30% in operating profits. More importantly, initial guidance for 2019 suggests significant downside to current consensus profit expectations. The stock has fallen sharply since its Q3 results last November and is likely to remain under pressure based on the latest update. Rockwool had regained some ground compared to Kingspan but is now falling back once again. This should be confirmed when Kingspan reports its 2018 results on February 22nd.

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Feb 8 2019, 08:05 GMT