Kingspan Group PLC (DUB:KRX)
€ 80.5 -2.2 (-2.66%) Market Cap: 14.64 Bil Enterprise Value: 15.84 Bil PE Ratio: 23.03 PB Ratio: 3.81 GF Score: 88/100

Half Year 2019 Kingspan Group PLC Earnings Call Transcript

Aug 23, 2019 / 07:30AM GMT
Release Date Price: €42 (-3.23%)
Operator

Ladies and gentlemen, welcome to the Kingspan interim results 2019 conference call. My name is Charlotte, and I will be coordinating your call today. (Operator Instructions) I will now hand over to your host, Gene Murtagh, to begin. Gene, please go ahead.

Gene M. Murtagh
Kingspan Group plc - CEO & Executive Director

Thank you, and good morning to our interim results call. We'll take you directly to Slide #14. I assume you've all got the deck there. It's titled 2019 H1 in Summary. And in summary, it was a decent first half for us, revenue up 12% to just over EUR 2.2 billion and trading profit ahead by EUR 230 million, which resulted in basic EPS up 16% to almost EUR 0.94. All of the businesses and most geographies performed well.

Just by product sector. Insulated Panels were up 14%, particularly strong in the Americas and in Southern Europe, weaker in Germany and predictably weaker in the U.K., which we'll cover off a little more in detail later.

The Boards businesses achieved growth of 5%. Again, strong volume growth in most markets,

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