Press release
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Kingspan Group Plc Trading Update 22 June 2021 In advance of its half year end Kingspan is issuing this brief trading update . The momentum we reported in April for the first quarter has continued into the second quarter . Most key markets are strongly ahead of the first half of 2020 and indeed the first half of 2019. We reported in April that we had a strong order backlog at that point and this has grown further in the period since . Raw material inflation has continued at record levels , a situation which is ongoing and expected to continue through the summer months at least . We expect sales in the first half of 2021 to be in the region of € 2.9bn ( H1 2020 € 2,073m ; H1 2019 € 2,243 m ) and trading profit in the region of € 315m ( H1 2020 € 200m ; H1 2019 € 230m ) , albeit with the month of June still to complete . Further to our earlier announcements , we completed the acquisition of Logstor International Holding S.à r.l ( ' Logstor ' ) yesterday . There are no material changes to the terms of the acquisition as originally announced . Logstor had full year revenues of € 244m and a trading profit of € 28m in the year to 31 December 2020 . The Group will announce its results for the first half of the financial year on Friday 20th August . This announcement contains inside information . For further information contact : Gene Murtagh , Chief Executive Officer Tel : +353 ( 0 ) 42 9698000 Geoff Doherty , Chief Financial Officer Douglas Keatinge , Murray Consultants Tel : +353 ( 0 ) 1 4980300 Tel : +353 ( 0 ) 42 9698000