Kingspan has reported that 2013 saw revenues for the year of 10% up to € 1.79 billion and 19% rise in after-tax profits.
Gene Murtagh, chief executive of Kingspan, noted that the group “saw an improved momentum during 2013, despite various demanding market conditions, which has helped to deliver a strong operational performance including increased profitability, a higher return on capital and an improved dividend”.
Looking ahead, Mr Murtagh said that the group remains focused on its core strategy of “delivering innovation, prudent management and a widening global footprint that leaves the company well positioned to take advantage of any recovery that may take place in individual markets.”
“With some tentative signs of improved economic stability and sentiment, Kingspan remains focused on its core strategy of delivering innovation, prudent management and a widening global footprint that leaves the company well positioned to take advantage of any recovery that may take place in individual markets,” the company’s chief executive said.
Kingspan Group plc, is one of Europe’s fastest growing building materials manufacturers. Kingspan Group was formed in the late 1960’s and is a publicly quoted group of companies with its headquarters in Kingscourt, County Cavan, Ireland.
Kingspan Group has manufacturing, distribution and commercial operations throughout Europe, North America, Australasia and other locations across the globe.