Kingspan Group PLC (DUB:KRX)
€ 90.95 0.45 (0.5%) Market Cap: 16.63 Bil Enterprise Value: 17.82 Bil PE Ratio: 26.02 PB Ratio: 4.30 GF Score: 89/100

Full Year 2021 Kingspan Group PLC Earnings Call Transcript

Feb 18, 2022 / 08:30AM GMT
Release Date Price: €88.38 (-3.30%)
Operator

Good morning, and welcome to the Kingspan Preliminary Results 2021 Call. My name is Katie, and I'll be coordinating your call today. (Operator Instructions) I'll 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, everybody. Welcome to the 2021 results call from Kingspan. We'll head straight into us, if you don't mind, on Slide #3, which is titled 2021 in summary. So we had a very strong year. Revenue grew by 42%, which resulted in a trading profit growth of almost 50% and equally an EPS growth of 48%.

So really particularly strong. As we had indicated right through the year, there was really a period of very unprecedented raw material inflation, dramatic on all fronts. In Kingspan's case, obviously, steel and chemicals are the primary materials that we buy, and we experienced increases that we've never experienced before.

So naturally, there was an awful lot of pressure on our teams around the world to try and recover that.

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