Kingspan sees stabilisation
16th Nov 2009 08:36
Insulation board maker Kingspan has seen a stabilisation in trading since July 1, with its performance aided by measures to realign its cost-base and low raw material inflation. Kingspan, which has been hit hard by the building downturn, said markets with the exception of Western Europe remain unde
Read moreSector movers: Construction stocks build more gains
24th Aug 2009 11:54
Some well received company updates have helped lift the construction & materials sector higher. Insulation board maker Kingspan climbed 16% even after it said EBITDA for the six months ended 30 June fell 55% as the group battled against tough market conditions. It reported strong sales of insulatio
Read moreKingspan EBITDA drops 55%
24th Aug 2009 08:00
Insulation board maker Kingspan said EBITDA for the six months ended 30 June fell 55% as the group battled against tough market conditions. EBITDA fell to €50.7m while revenue for the six month period fell to €552.5m from €849.4m the year before. Operating profit fell to €30.3m from €90.1m while ne
Read moreBrendan Murtagh cuts Kingspan stake
10th Jun 2009 16:53
A surge in the share price to a seven-month high has convinced Kingspan Group co-founder and director Brendan Murtagh to cash in part of his stake. Murtagh, who along with elder brother Eugene set up the Irish insulation board maker in 1972, sold 500,000 shares at €4.75 each, netting €2.4m. The sh
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