Revenues rise to €6.25 billion for Kingspan for first 9 months of the year

Building insulation specialist Kingspan has reported a 33% jump in sales for the first nine months of the year.

In a trading update for the nine months to the end of September, the County Cavan based company said its revenues rose to 6.25 billion euros.

The Kingscourt Company said it was forecasting higher trade profits for the full year..

Kingspan Group said there is the lack of visibility beyond the next short period of months, adding that sentiment is cautious for the most part although not uniformly so.

But it noted that the sharp increases it had seen in raw material prices over the last 18 months appear to have peaked.