Global Insulation
Precision is no coincidence! More than 40 years - precise measured values - Fagus GreCon
  • Home
  • News
  • Conferences
  • Directory
  • Magazine
  • Knowledge Base
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
News Kingspan reports 2023 results

Kingspan reports 2023 results

Written by Global Cement staff
19 February 2024
  • Print
  • Email

Ireland: Kingspan’s sales declined by 3% to Euro8.09bn in 2023 from Euro8.34bn in 2022. Its insulation sales fell by 8% and its insulated panels sales by 9%. Meanwhile, roofing and waterproofing sales grew to reach Euro500m. The group’s profit after tax rose by 6% to Euro654m from Euro616m. It invested Euro248m in new acquisitions throughout the year. Kingspan plans to invest Euro750m up to 2028 in order to capture 15% of the flat roofing market in North America.

CEO Gene Murtagh "Beyond insulation, each of our climate-focussed business units across roofing and waterproofing, light, air and water and data and flooring are scaling at pace with every potential for each to exceed Euro1bn divisional revenue over the coming years.” Murtagh added “Given our robust balance sheet, strong development pipeline, strong structural demand for energy efficiency and the ever increasing and obvious impacts of climate change, we expect 2024 to be a year of continuing strategic and operational progress for Kingspan.”

Published in Global Insulation News
Tagged under
  • Ireland
  • Kingspan
  • roofing
  • waterproofing products
  • diversification
  • Results
  • growth
  • investment
  • North America
  • flat roofing
  • outlook

Related items

  • Knauf Insulation to build new stone wool plant in North Wales
  • Masterplast to cease publishing financial forecasts amid ‘unpredictable’ economy
  • Energystore launches Spacebead aerogel-based injected insulation
  • Kingspan breaks ground on Lviv building materials complex
  • Jean-Claude Lasserre to take over as CEO of Saint-Gobain Canada
Global Gypsum Monthly Sign up
Global Insulation LinkedIn
Global Insulation X
Acquisition appointment Belgium China CO2 Denmark France Germany Glass Wool government Insulation Ireland Johns Manville Kingspan Knauf Knauf Insulation Mineral Wool Owens Corning Plant Polyurethane Product Results Rockwool Russia SaintGobain Stone wool insulation Sustainability UK Upgrade US
« May 2025 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
  • Home
  • News
  • Conferences
  • Directory
  • Magazine
  • Knowledge Base
  • Awards
  • My details
  • Advertise
  • About
  • Privacy & Cookie Policy
  • Contact
  • Magazine >>
  • Introduction
  • Back issues
  • Articles
  • Conferences >>
  • Global CemBoards
  • Global CemCCUS
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Websites >>
  • Global Cement
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Pro Global Media
  • PRoIDS Online

© 2025 Pro Global Media Ltd. All rights reserved