Full Year Results 

Kingspan splashes out as Brexit bites

Kingspan splashes out as Brexit bites

Brexit uncertainty overshadowed an otherwise resilient set of results from Kingspan (KGP). Against a tricky backdrop of “unprecedented” chemical cost rises, the Irish building materials group grew trading profit by 11 per cent to €377.5m (£333m). However, its observation that the “Brexit quagmire” continues to trigger a “sharp” slowdown in UK orders of insulated panels stole all the headlines, sending the share price down 7 per cent.

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