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News Kingspan’s sales fall by 3% to Euro1.03bn in the first quarter of 2020

Kingspan’s sales fall by 3% to Euro1.03bn in the first quarter of 2020

Written by Global Insulation staff
15 May 2020
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Ireland: Kingspan Group’s sales fell by 3% year-on-year to Euro1.03bn in the first quarter of 2020. It said that the coronavirus-related lockdowns did not ‘significantly’ impact activity for most of the reporting period although the, “landscape changed markedly from the middle of March onward.” The UK and Germany reported improvements, the Americas did well and both Australasia and the Middle East saw rising orders. Insulation board sales were strongly impacted by falling prices. Looking forward the group said that its global sales fell by nearly 35% year-on-year as various construction markets were closed down.

Last modified on 01 June 2020
Published in Global Insulation News
Tagged under
  • Ireland
  • Kingspan
  • Results
  • UK
  • Germany
  • GGM46

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