Bad weather hampers Kingspan

Kingspan

Insulation specialist says prolonged wintry weather hit sites

Bad weather across Europe hit insulation specialist Kingspan at the start of 2018 including its operation in the UK, where the ‘Beast from the East’ wrought havoc on the construction sector.

The Ireland-based firm said it had seen a sluggish start to the year, “reflecting markets which were slow to get moving largely due to a prolonged winter season in many regions”.

Kingspan, which has operations in 60 countries around the world and 11,000 staff, said overall sales for the three months to the end of March came in at €895m (£781m), up 8% year-on-year.

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