Full Year 2023 Kingspan Group PLC Earnings Call Transcript
Hello, everyone, and welcome to Kingspan Preliminary Results 2023. My name is Bruno, and I'll be operating your call today.
(Operator Instructions) I will now hand over to your host and CEO, Gene Murtagh. Please go ahead.
Thanks, Bruno. Good morning, everybody, and welcome to our 2023 results call. We'll take you directly into the detail on Slide #3, please, titled 2023 in Summary. So basically, revenue, just over EUR 8 billion which was minus 3%, and we go through the detail of the makeup of that shortly. Trading profits, 5% ahead, earnings up 7% and I think very significantly, greenhouse gas emissions, Scope 1 and 2 down over 50%, which obviously was a fairly monumental year in terms of emission reductions across the business.
By the business units, Insulated Panels, sales decreased 9%, very mixed markets, which we highlighted all through the year. Strong volume performance in France, the U.S. and Latin America, which I think not surprisingly was offset by subdued volumes in
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