Davy Research

Kingspan Group

No change to forecasts as slowdown in UK commercial and industrial sector is flagged
Building products
Kingspan Group

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.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download
  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Kingspan Group

    Closing Price: 3477c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    Neutral

Analyst(S)

COMPANY DATA

JUMP TO