Share this page on social media
Kingspan, the global leader in high-performance insulation and building envelope solutions, reports its preliminary results for the year ended 31 December 2021. Financial Highlights:
The business delivered an exceptional performance last year, with our growing sales to customers in the technology, online distribution, and automotive sectors instrumental in the results. Whilst dramatic input price inflation was a major feature, our cost recovery efforts helped ensure continued margin improvement. We continue to drive expansion through acquisition, with over half a billion euro invested in buying new businesses during the year. This was complemented by our organic growth activity as we opened 5 new manufacturing facilities or production lines this year, and plan for a further 25 over the next four years. Since year end we have committed a further €800m on three transactions, subject to customary approval, that create exciting new global platforms for further development. We have made good progress on our Planet Passionate targets, achieving an absolute reduction in Scope 1 and 2 GHG emissions for the second year of the programme, with a 4.3% reduction achieved this year. We will also implement a €70 per tonne internal carbon charge from 2023 to accelerate the pace of decarbonisation across our global business. Despite a slower fourth quarter, with a large order backlog we are cautiously optimistic about the outlook for this year, whilst mindful of the high bar in comparison with last year’s performance. High energy costs and supply threats around the world are a catalyst for a focus on conservation measures, which is likely to accelerate the demand for lower energy solutions which we believe will be supportive of demand for our products.
We use cookies on our website www.kingspan.com. To find out more about the cookies we use, or to change your cookie preferences i.e. to remove your consent to our use of certain categories of cookies, please visit our Cookie Policy & Control page.
Please click "I Accept" to accept the use of cookies on our website. If you do not click "I Accept" but continue to use this website: you thereby consent to the use of all Kingspan's cookies and third party cookies for the purposes of improving performance, improving functionality and audience measurement, in accordance with the terms laid out in our Cookie Policy & Control page; and we will assume that you have read and understood our Cookie Policy & Control page.
The Cookie Policy & Control and Website Privacy Notice were updated on 13 August 2018.