Insulation giant remains ‘upbeat’ about 2025 despite ‘challenges’
Insulation giant overcame a slow start to 2024 to deliver record trading profits, according to full-year results
A strong second half of the year saw trading profits at the Dublin-listed group rise by more than expected to a record €907 million in 2024, Kingspan said in full-year results published on Friday, overcoming a slow start to the year. Still, the Cavan-headquartered group delivered revenue growth of 6 per cent to €8.6 billion in 2024 while earnings before adjustments and deductibles topped €1.1 billion, up 7 per cent and slightly ahead of forecasts.Padraic Rhatigan, owner of Ireland’s newest hotel: ‘Now all we need is customers’If Trump messes with the Fed, a serious US economic crisis will follow
“As we look to 2025, our order backlogs are healthy, and our development expenditure has sown the seeds for future growth whilst maintaining almost €2 billion in operational and development headroom,” he said.
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