Kingspan Group PLC Trading Statement (6133C)
22 Giugno 2021 - 8:00AM
UK Regulatory
TIDMKGP
RNS Number : 6133C
Kingspan Group PLC
22 June 2021
Kingspan Group Plc
Trading Update
22 June 2021
In advance of its half year end Kingspan is issuing this brief
trading update.
The momentum we reported in April for the first quarter has
continued into the second quarter. Most key markets are strongly
ahead of the first half of 2020 and indeed the first half of 2019.
We reported in April that we had a strong order backlog at that
point and this has grown further in the period since. Raw material
inflation has continued at record levels, a situation which is
ongoing and expected to continue through the summer months at
least. We expect sales in the first half of 2021 to be in the
region of EUR2.9bn (H1 2020 EUR2,073m; H1 2019 EUR2,243m) and
trading profit in the region of EUR315m (H1 2020 EUR200m; H1 2019
EUR230m), albeit with the month of June still to complete.
Further to our earlier announcements, we completed the
acquisition of Logstor International Holding S.à r.l ('Logstor')
yesterday. There are no material changes to the terms of the
acquisition as originally announced. Logstor had full year revenues
of EUR244m and a trading profit of EUR28m in the year to 31
December 2020.
The Group will announce its results for the first half of the
financial year on Friday 20(th) August.
This announcement contains inside information.
For further information contact:
Gene Murtagh, Chief Executive Officer Tel: +353 (0) 42 9698000
Geoff Doherty, Chief Financial Officer Tel: +353 (0) 42 9698000
Douglas Keatinge, Murray Consultants Tel: +353 (0) 1 4980300
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END
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