Kingspan's sales climb to over €1.1bn

Published:  15 November, 2011

CAVAN: Insulation specialist Kingspan has seen sales rise to €1.14bn  for the nine months to the end of September, a 30% year-on-year increase.

Kingspan is confident that it will achieve full-year profits of between €82m  and €85m, up on the €67.4m  achieved in 2010.

However the group sounded a cautionary note, warning that "the threat of markets retreating" in 2012 remained a real possibility.

The group said that construction markets remained very weak with activity levels in the US and UK markets down by some 50% on a 20-year average.

Kingspan said UK activity levels had remained "resilient overall".

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