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Kingspan sales rise 18% in first quarter

By BFN News | 01:54 PM | Friday 03 May, 2019


Insulation and building envelop supplier Kingspan Group said its sales had risen 18% in the first quarter. Sales for the three months through March rose to €1.06bn, which represented growth of 6% on a constant currency and organic basis. 'Underlying sales growth reflected strong volumes across key markets partially offset by the deflationary effect of lower raw material prices,' the company said. UK sales activity was positive although order intake in insulated panels was relatively subdued, Kingspan said. Mainland Europe traded 'solidly' across the region, while the US performed well, it added. Activity in Australasia, meanwhile, was lower than in recent years and in the Middle East activity was quite mixed and similar to much of last year. At 1:54pm: (LON:KGP) Kingspan Group PLC share price was -0.85p at 45.95p Story provided by StockMarketWire.com

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