Half Year 2022 Kingspan Group PLC Earnings Call Transcript

Aug 19, 2022 / 07:30AM GMT
Operator

Hello, everyone, and welcome to the Kingspan Interim Results 2022 Conference Call.

My name is Nadia, and I will be coordinating the call today. (Operator Instructions) I will now hand over to your host, Gene Murtagh, CEO of Kingspan, to begin.

Gene, please go ahead.

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

Nadia, thank you very much. And welcome, everybody, to the Interim 2022 Call here at Kingspan.

And we'll get straight into the business. And assuming you've got the slide deck there, we'll just take you to Slide #3, which is titled H1 2022 in Summary.

So in essence, it was a very strong performance and outturn for the first half, pretty much as we had highlighted: revenue up 42% at EUR 4.2 billion, trading profit ahead by 32% and basic EPS ahead by 29%.

Just taking you through the businesses in brief. The Insulated Panels business, which of course is our largest, was ahead by 39%, driven in the main by significant inflation; reasonably solid volume; and a pretty remarkable improvement

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