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Kingspan Group PLC (KSPEUR.MIp)

KSPEUR.MIp on Milan Stock Exchange

30.11EUR
21 Mar 2017
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Latest Key Developments (Source: Significant Developments)

BRIEF-Kingspan CEO sees little Brexit impact, FY at least in line with consensus
Friday, 18 Aug 2017 02:00am EDT 

Fixes typo:says has seen "no measurable impact" from Brexit on UK business, says "was not a market that had overheated ahead of Brexit".says only sign of Brexit impact is a small deterioration in planned office projects in London; impact on high-end London residential "something that may come down the track".says no tangible impact from Grenfell Tower disaster on sector, sees logical debate about improving regulation.says sees continuing impact of cost inflation on business in coming months. "If anything that price dimension of our business becomes more pronounced in the second six months.".says "expects to deliver a full-year result at least in line with consensus".Speaking to Reuters after publication of reporting H1 trading profit up 6% to €177.8m nL8N1L40OT.  Full Article

Kingspan reports trading profit up 6 pct in H1
Friday, 18 Aug 2017 12:13am EDT 

Aug 18 (Reuters) - Kingspan :H1 trading profit up 6% to €177.8m; revenue up 19% to €1.75bn,.H1 group trading margin of 10.2%, down 120bps y/y; interim dividend per share up 10% to 11.0 cent.Says acquisitions contributed 10% to sales growth and 6% to trading profit growth in period.Insulated panel sales growth of 17% (continuing improvement in W.Europe; solid activity in UK; tougher in N.America E.Europe).Says pass through of significant and ongoing raw material increases a key trading theme in the period.  Full Article

Kingspan completes 500 mln euros committed revolving credit facility
Monday, 26 Jun 2017 07:24am EDT 

June 26 (Reuters) - Kingspan Group Plc :Has completed a new eur 500m committed revolving credit facility.New 5 year facility, maturing in june 2022, has replaced group's previous eur 300m facility.  Full Article

Kingspan Q1 sales up 24 pct y/y, UK market a little softer
Thursday, 27 Apr 2017 02:09am EDT 

April 27 (Reuters) - Kingspan Group Plc :Good start to the year, Q1 sales up 24 percent y/y to 831.2 million eur (+14 percent pre currency and acquisitions).Mainland European markets continue to show signs of recovery, UK remains solid overall although a little softer than at the turn of the year.Net debt at end-March was 457 million eur, an increase of 29 million eur reflecting, in the main, seasonal investment in working capital.Order backlog overall points towards solid H1, project pipeline encouraging in most markets, although trending weaker in the UK in recent weeks.Key trading priority pass through of increases in input costs, associated lag likely to persist in a tight supply Q2 and perhaps beyond.As a consequence, likely sales growth in H1 is expected to outpace profit growth in the period.  Full Article

Kingspan FY trading profit up 33 pct, says outlook encouraging
Friday, 17 Feb 2017 02:03am EST 

Kingspan : Reports FY revenue up 12% to 3.1bn euros; trading profit up 33 percent to 340.9m euros . CEO says retains the flexibility to invest in new opportunities as they present themselves . Says UK strengthened through H216; order bank points to positive start to current year . Says group trading margin 11 percent, increase of 180bps; year-end net debt of 427.9m euro . Final dividend per share 23.5 cent (total dividend for year up 34 percent to 33.5 cent) . CEO says encouraged about outlook for H117; current order book solidly ahead of the same point last year Further company coverage: [KSP.I] (Reporting By Conor Humphries) ((conor.humphries@thomsonreuters.com;)).  Full Article

Kingspan CEO says no tangible impact on UK market from Brexit
Monday, 22 Aug 2016 02:30am EDT 

Kingspan : Kingspan CEO says sees further acquisition opportunities in Daylighting product sector . Kingspan CEO says saw significant increases in steel prices in Q2/Q3, expects to harden further, at least in Europe, in Q4 . Kingspan CEO says Brexit referendum result has not resulted in any tangible change in UK market Further company coverage: [KSP.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Kingspan H1 profit up 50 pct, order momentum continuing
Monday, 22 Aug 2016 02:00am EDT 

Kingspan : H1 revenue up 19 percent y/y to 1.47 billion euros, trading profit up 50 percent to 167.3 million euros . H1 trading margin of 11.4 percent, up 240 bps y/y, interim dividend per share up 25 percent to 10.0 euro cents . Kingspan says pass through of raw material increases in Q2, q3 remains foremost challenge for rest of 2016 . Kingspan says 126 million euros paid for acquisition of two further businesses after period end . Kingspan says Q2 order intake momentum continuing into current period, expect a solid performance in H2 . Kingspan says group revenue since June 30 comfortably ahead y/y, order intake in uk up 7 percent with robust longer term project pipeline Further company coverage: [KSP.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article