Insulation and building solutions specialist, Kingspan’s shares have held steady as the company reported strong first-half results today (8 August), lowered its full-year profit forecast due to tough trading conditions, and received clearance from the UK watchdog for its latest acquisition.
Headquartered in Cavan in Ireland and operating in more than 80 countries, Kingspan reported a solid financial performance for the six months ended 30 June 2025, with revenue up 8.3 per cent to €4.5 billion (HY 1 2024: €4.1 billion) and a five per cent increase in trading profit to €443 million (HY 1 2024: €421 million.
EBITDA climbed 7 per cent to €572 million (HY 1 2024: €536 million, while the company also saw a 3.7 per cent increase in earnings per share (EPS), totalling 172.1 cent (HY1 2024: 165.9 per cent.
However, it lowered its full-year trading profit forecast to €950 million, down 3.5 per cent from previous projections of €985 million, but a five per cent increase over 2024.
Following the announcement of this alongside a €650 million share buyback programme, aimed at boosting shareholder value, Kingspan’s shares stabilised around €71.30, after initially dipping €3.10.
The company also received clearance from the UK’s Competition and Markets Authority (CMA) for its acquisition of steel cladding supplier Coverworld, following an inquiry launched in July to assess the deal’s potential impact on market competition.
The move for the Chesterfield-based producer of coated steel cladding systems is set to strengthen its market position despite recent challenges in the steel sector.
Gene Murtagh, chief executive, said: “Activity levels have firmed as the year progressed and conditions remain relatively stable, albeit with outlook varying by market and segment and supported by continuing structural growth opportunities.”
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