Kingspan Group

Full ownership a logical conclusion to Nordic Waterproofing investment

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 6510c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

The announcement that Kingspan is seeking, and is likely to take, full ownership of Nordic Waterproofing is a logical conclusion to a process that essentially began in Q3 2022. Nordic Waterproofing will extend Kingspan’s presence in the European roofing and waterproofing category. As it already owned almost 88% of Nordic Waterproofing, which was incorporated into our financial modelling, taking full ownership will have limited impact on 2025 forecasts.

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Feb 4 2025, 10:50 GMT

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