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Kingspan reports 42 per cent revenue jump in 2021

Feb 18, 2022 11:13 By News Northern Sound
Kingspan reports 42 per cent revenue jump in 2021
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Gene Murtagh, CEO of the Kingscourt-based business, said increased energy costs will likely provide a higher demand for their products going forward.

Kingspan has reported a 42 per cent increase in revenue last year.

The insulation company saw revenue climb to €6.5 billion in 2021, while trading profits went up by 49 per cent to €755 million.

Gene Murtagh, CEO of the Kingscourt-based business, said that despite a slow fourth quarter, a large order backlog has left them optimistic for 2022.

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He added that increased energy costs will likely provide a higher demand for their products going forward.

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