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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 expects FY trading profit to rise by over 30 pct y/y
Monday, 14 Nov 2016 02:00am EST 

Kingspan Group Plc : Sales in the third quarter were up 5 percent (+10 percent pre-currency). . Sales nine month to end-Sept 2.27 billion eur, up 13 percent y/y (+17 percent pre-currency) . UK insulated panels continue to trade positively, UK sales in insulation boards strong . Year-end net debt forecast around 400 million euros, weakening of sterling impacting translating of earnings . Going through period of mild raw material cost inflation as expected, related recovery under way . Assuming current fx, expect FY trading profit of approximately 335 million euros, over 30 pct ahead y/y Further company coverage: [KSP.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@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

Kingspan Group PLC updates on acquisition
Wednesday, 20 May 2015 02:02am EDT 

Kingspan Group PLC:Announces that it has reached a consent agreement with the canadian competition bureau in relation to the acquisition by Kingspan of Vicwest Building Products.Says the consent agreement requires the disposal by Kingspan of the insulated metal panel facility at Hamilton Ontario within an agreed time period following completion of the acquisition.Says having already been approved by the shareholders of Vicwest Inc on Jan. 23, and by the Ontario Superior Court of Justice on Jan. 30, the transaction is expected to complete imminently.  Full Article

Kingspan Group PLC Completes acquisition of the Joris Ide Grou
Monday, 23 Mar 2015 10:52am EDT 

Kingspan Group PLC:Says further to its earlier announcements on Jan. 27 and the March 16 regarding the Joris Ide Group, it completed the acquisition of Steel Partners NV, the holding company of the Joris Ide Group.  Full Article

Kingspan Group PLC updates on acquisition of Steel Partners NV
Monday, 16 Mar 2015 01:00pm EDT 

Kingspan Group PLC:Says that the EU Commission today granted unconditional competition clearance for the acquisition by Kingspan of Steel Partners NV, the holding company of the Joris Ide Group.Transaction is expected to complete before the end of March.  Full Article

Kingspan Group PLC proposes final dividend
Monday, 23 Feb 2015 02:00am EST 

Kingspan Group PLC:Proposed a final dividend of 10 cent per ordinary share payable on May 15 to shareholders registered on the record date of April 24.When combined with the interim dividend of 6.25 cent per share, the total dividend for the year increased to 16.25 cent (2013: 14.0 cent), an increase of 16 pct.  Full Article

Kingspan Group PLC announces acquisition of Steel Partners NV
Tuesday, 27 Jan 2015 02:01am EST 

Kingspan Group PLC:Has entered into an agreement with Ergon Capital Partners II NV and Bremhove NV.To acquire 100 pct of shares of Steel Partners NV, holding company of Joris Ide Group.Acquisition is expected to enhance earnings by circa 7 cent on fully annualised basis.  Full Article

BRIEF-Kingspan expects FY trading profit to rise by over 30 pct y/y

* Sales in the third quarter were up 5 percent (+10 percent pre-currency).