Revenues at Kingspan are up two per cent to a record €4.2 billion in the first half of the year. That's according to its half-yearly financial report for the six-month period ended 30 June 2024. It also shows a 3% drop in trading profit down to €422 million. Elsewhere, Earnings Before Interest, Taxes, Depreciation and Amortisation is up two per cent to €536 million.
In a statement issued to Northern Sound, Gene Murtagh, Chief Executive of Kingspan said that the local company was "pleased" to deliver a resilient first half performance, with revenues reaching an all-time high despite some tough end markets.
"A sluggish but improving start to the year has given way to strong order intake at mid-year and we expect full year growth to be more heavily weighted to H2," Mr Murtagh explained. "We continue to deliver on our Planet Passionate agenda by offering compelling new solutions to decarbonise the built environment, whilst internally achieving a 75% reduction in emissions in our underlying business since 2020. We are also very pleased to be the first in our industry worldwide to adopt and rollout ISO 37301, the leading global compliance management system and we expect to have 85 of our sites fully certified by current year end.''
