Insulation, timber systems manufacturer Kingspan of Cavan, Ireland, reports 28% increase in 2011 net profit to €62.9M, on revenues up 30% to €1.5B boosted by acquisitions
Wendy Lisney
CAVAN, Ireland
,
February 27, 2012
(press release)
–
Kingspan, the global leader in high performance insulation and building envelope solutions, reports its preliminary results for the year ended 31 December 2011
Highlights:
Financial Highlights:
Operational Highlights:
Summary Financials:
2011
€m 2010
€m % Change
Revenue
1,546.9
1,193.2
+30%
EBITDA*
133.6
107.6
+24%
Trading Profit**
95.7
72.0
+33%
Trading Margin
6.2%
6.0%
+20bps
Profit after tax
62.9
49.1
+28%
EPS
37.1
29.2
+27%
*Earnings before finance costs, income tax, depreciation and intangible amortisation
**Earnings before amortisation of intangibles
Gene Murtagh, Chief Executive of Kingspan commented:
“Kingspan delivered a strong performance last year helped by significant sales growth and stable margins. Although the international economic outlook remains uncertain, the Group continues to expand its global presence in markets which are driven by conversion to high performance insulation products and an increasing desire for lower energy living standards.”
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