Kingspan is “well-placed” to recover from Covid-19 as revenue fell by almost 10 per cent in the first half of the year.
The insulation giant’s half-yearly financial report said there are signs of good recovery in key markets.
Variation in restrictions around the world meant performance was mixed, with the UK market slower to recover than the rest of Europe.
Compared to the same period last year, revenue at the company is down 8 per cent to just over €2 billion while the trading profit is now at €200 million, down 13 per cent.
Chief Executive of the Kingscourt-based company Gene Murtagh said “cost-containment measures” and over €1 billion in cash will help them come through “in a strong position”.
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