Kingscourt, Ireland – Kingspan, an insulation maker, expects first half sales to be EUR2.9bn, up from EUR2.1bn in 2020 and trading profit to be in the region of EUR315m, according to a trading statement.
The statement released on 22 June said: 'Raw materials inflation has continued at record levels, a situation which is ongoing and expected to continue through the summer months at least.'
Despite this, most key markets are strongly ahead of the first half of 2020 and the first half of 2019. The strength of the order book has also increased since the last statement in April.
The acquisition of Logstor completed on 21 June.