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Kingspan Group Plc Trading Update 08 November 2021 Kingspan Group plc , the global leader in high performance insulation and building envelope solutions , today issues a Trading Update for the period to 30 September 2021 . Sales in the nine month period to 30 September were € 4.72bn , up 44 % on the same period in the prior year , with sales growth of 50 % in the third quarter . Underlying sales ( pre currency and acquisitions ) were up 34 % in the year to date and by 33 % in the third quarter . Insulated Panels sales increased by 47 % in the first nine months and by 53 % in the third quarter . Underlying sales were up 42 % year to date and up 43 % in the third quarter . The sales performance across each of the Group's key markets has evidently been strong both year to date and in the quarter . Raw material inflation has been extraordinary , with the associated recovery and the top line boosted further by buoyant volume growth overall year to date . Notably , however , order intake in the months of August and September was lower than in the same two month period last year and this trend has continued in the weeks since . The TeraSteel acquisition completed earlier in the year is performing strongly . Overall , the global Insulated Panels backlog was up 49 % in volume as at 30 September versus the same point last year . Insulation Boards sales in the first nine months were up 51 % and up 78 % in the third quarter . Underlying sales were up 32 % in the year to date and by 25 % in the third quarter . Sales volumes overall were in line with the third quarter of 2020 with the top line reflecting mainly the higher cost of raw materials year on year . Sales in Central and Eastern Europe , the Nordics and North America were particular highlights in the third quarter although all key markets performed well . Recent investments , such as our Kooltherm® line in Sweden have been key in driving structural adoption to high performance insulation with further developments to come globally in 2022 and 2023. The Logstor acquisition , which completed in June , is integrating fully to plan . Light & Air sales in the first nine months were up 28 % in the year to date and by 12 % in the third quarter . Underlying sales were up 1 % year to date and were level in the third quarter . Market activity both in Europe and North America has been more subdued than in other categories . The division has prioritised the integration of acquisitions made in the current and prior year and achieving category scale . 2021 is shaping up to be a further year of progress in that context .