By Kingspan Group, a leading building-and-insulation materials company, announced today its expectation to report a trading profit above the previous year’s figures for the first half of this year. The company anticipates a trading profit of approximately 435 million euros ($478.6 million), compared to EUR434 million in the same period last year.
Despite a subdued residential sector in the global market due to higher interest rates, Kingspan recognizes a strong underlying demand for housing across most markets. The company noted that market and category performances varied significantly, with the Americas showing overall growth surpassing European activity.
In particular, Kingspan highlighted the impressive performance of applications focused on achieving ultra energy efficiency and reducing carbon emissions, such as those in the technology and automotive production sectors. The demand for data applications remains robust, with emerging features like artificial intelligence projects driving further growth.
Kingspan Group is well-positioned as it enters the third quarter, capitalizing on market opportunities and leveraging its expertise to meet the evolving needs of customers.
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