Kingspan expects to report record trading profits for the first half of this year, despite challenging market conditions.
The Cavan-based company will release its results for the first half of 2022 in August and a spokesperson says a trading profit in the region of €415 million is expected.
This would be a significant increase on the same period last year, when trading profits of €329 million were reported.
However, Kingspan says the "mood" in most end markets has deteriorated over the last two months, with order intake volume down significantly on the May and June period in 2021, although ahead versus the same period in 2019.
The company's global backlog of orders on hand in Insulated Panels is also down 2% in volume at the end of May, having been 19% ahead at the end of March.
