Kingspan_Architectural_Roofing_Queen_Alia_Image_052017_AE_EN

Latest Results

Results for Half Year Ending 30th June 2020

-8%


€2.1bn

Revenue

-10%


€244.2m

EBITDA

-13%


€200.1m

Trading Profit*

-60bps


9.7%

Trading Margin**

-14.9%


79.8c

EPS

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

Kingspan has delivered a resilient first half result in a period of unparalleled challenges. Performance has varied substantially from region to region depending on the severity and length of Government restrictions, and been helped by our rapid introduction of cost containment measures.
 
With over €1bn in cash and undrawn facilities we are well placed to come through the crisis in a strong position. In 2020 we have completed or agreed terms on three major acquisitions of businesses with revenue totalling over €400m, and we also continue our organic expansion, with new facilities being developed in locations including Brazil, Russia, and Sweden.
 
We have decided it is prudent not to pay an interim dividend and our shareholder returns policy is under review. We expect that the economic environment will remain weak, with confidence for businesses to make investment decisions curtailed. On a more positive note, policy makers are more focussed on ensuring buildings are more energy efficient, which is a supportive long-term trend.

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

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