Insulation maker says it expects record full-year profit despite fall-off in sales
Kingspan said it expects to make a record profit of €875 million for 2023 despite suffering a fall-off in sales to date.
The Co Cavan-based firm said sales pre currency and acquisitions were down 7 per cent in the year to date and in the third quarter. “It is difficult to look too far ahead in this environment. Whilst end markets have their obvious challenges the global backlog of orders has remained reasonably stable over the last number of months,” it said.
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