Kingspan Group

Record H1 likely but significant slowdown seen in May/June

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 6890c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

H1 results will be very strong at Kingspan, with trading profits 7% ahead of our expectations. However, recent trading has seen evidence of a significant slowdown in the company’s end markets and, due to this, we are unlikely to upgrade our full year estimates.

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Jun 20 2022, 08:15 IST/BST

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