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Morning Briefing

Davy Morning Equity Briefing

Oct 21, 2024

Kingspan Group

Takes majority stake in Nordic Waterproofing

Kingspan has announced that it now has a majority (62.6%) shareholding in Nordic Waterproofing Holding AB (NW). While a bit sooner than we might have expected, it is not surprising that Kingspan has taken a majority ownership of the business. Kingspan now has a Roofing + Waterproofing division with an annualised revenue base of circa €1bn. Hence, it is making significant progress in its efforts to develop a roofing and waterproofing business of scale.

Flor O'Donoghue
Morning briefing
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Economics weekly

Ireland’s housing completions look set to increase in Q3

Irish housing data for Q3 will be a key release this week and a widely expected election next month looks increasingly likely. With nine days left until the UK Budget, monthly data for October will be scrutinised for signs that downbeat headlines around tax increases and spending restraint are affecting economic activity.

Kevin Timoney
Morning briefing
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