Kingspan Group

No change to forecasts as slowdown in UK commercial and industrial sector is flagged

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 3477c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

We expect to keep our full year trading profit forecast of €378m (up 11% on 2016) unchanged following Kingspan’s trading update. Reflecting its lofty standards, this represents a break with a long-standing sequence of earnings upgrades accompanying trading updates and results. While disappointing, it does not alter our conviction that Kingspan remains a high quality, multi-year growth business.

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Nov 13 2017, 08:15 GMT

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