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Latest Results

Results for the Half Year Ending 30th June 2021

+41%


€2.9bn

Revenue

+53%


€373.4m

EBITDA

+64%


€329m

Trading Profit*

+160bps


11.3%

Trading Margin**

+66%


132.4c

EPS

*Operating profit before amortisation of intangibles and non trading items
**Trading profit divided by total revenue

Growth in the first half of the year has been remarkably strong with revenue and trading profit at record levels driven by high levels of demand and a global recovery in the construction sector. Despite inflation in our input costs, effective price management has helped increase trading margins, with a stand out performance in our largest division – insulated panels.

Our strategy of expanding through acquisition and diversifying geographically has continued, with ten acquisitions made during the period across four continents, and a robust balance sheet positioned to support future growth.  We also continue to invest in organic expansion, product innovation, digitalisation, enhanced compliance and executing on our ambitious Planet Passionate sustainability targets. 

A strong pipeline of future demand means we are positive about the outlook for the second half of the year. Longer term, the decarbonisation agenda and increasing awareness of the need to reduce the contribution of the built environment to climate change is supportive of our focus on delivering customers with high performance solutions that deliver best-in-class thermal performance.


Gene M. Murtagh, Chief Executive Officer, Kingspan Group PLC

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