Kingscourt, Ireland – Sales at Kingspan, the Irish-based manufacturer of PU and PIR insulation products, reported strong growth in sales in 2022. Overall sales of €8341m represent a 28% increase over the previous year. Profits were up 10%, from €755m to €833m. Its EBITDA hit €1bn for the first time.
Sales in its largest business unit, insulated panels, were up 23% to €5182m, with trading profit up 5.6% to €549m. In its insulation business, sales were €1658m, up 40% from 2021, with profits rising 13% to €165m.