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Kingspan Group PLC (KSPEUR.MIp)

KSPEUR.MIp on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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