Advertisement
News

Kingspan expects profits of over €300m for first half of 2021

Jun 22, 2021 10:42 By News Northern Sound
Kingspan expects profits of over €300m for first half of 2021
Share this article

The Cavan-based company also announced it has completed the acquisition of Logstor.

Cavan-based Kingspan expects profits of around €315 million for the first half of 2021.

In a trading update ahead of its half-year end, the insulation and building materials manufacturer says the "momentum for the first quarter had continued into the second quarter".

Kingspan added that "most key markets are strongly ahead of the first half of 2020 and the first half of 2019".

Advertisement

The company also revealed that it completed the acquisition of Logstor yesterday, and that there are "no material changes to the terms" of the deal that was originally announced in March.

Logstor had a trading profit of €28 million in the year to December 31st, 2020.

Kingspan will announce its results for the first half of the financial year on Friday, August 20th.

Tags used in this article
Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus