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Feb 16 2024, 07:10 GMT
Kingspan Group
Impressive delivery in 2023 and plenty more to come
- Sectors : Building products
- Companies : Kingspan Group
DAVY VIEW
Kingspan has announced that its trading profit in 2023 rose 5% to €877m, a result in line with expectations. This growth was achieved in testing circumstances as challenges ranged from volatile input costs and mostly weak end-markets. The other highlight was an exceptional performance in cash generation. There is no doubt that Kingspan remains intent on further expansion – as is evident in the scale and depth of the development pipeline. This leaves the group well placed to remain an exciting, high quality growth proposition.
