Kingspan reports 44% increase in sales to €4.7bn

• Published date: 09 November 2021

In a trading update, the company said insulated panels sales rose 47 per cent, albeit the order intake had plateaued in recent weeks. Nonetheless it said "the activity pipeline" was generally encouraging, particularly in large-scale logistics, data, technology and the EV automotive sectors. "These applications demand high-energy, efficient solutions, not just on day one but over the lifetime of the building, with Kingspan technology well placed in that environment," it said.

While the fourth quarter still had to play out, the company said it expected to deliver a full-year trading profit in the region of €750 million, significantly ahead of the €508.2 million recorded in 2020.

"Twenty-twenty-one so far has been unusual and characterised by order placement...