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Kingspan shares spark after upbeat trading update
(Sharecast News) - Shares in Kingspan surged on Monday after the Ireland-based building materials company reported an 8% rise in sales for to €6.8bn the first nine months driven by its Advnsys unit.
Kingspan said it was still mulling a 25% float of Advnsys on Amsterdam's Euronext market in the first quarter of 2026. Sales at the business, which makes bespoke infrastructure for data centres, ventilation, and daylighting, rose 10%.
"We are experiencing an ever-increasing wave of inbound inquiries and continue to roll out capacity as rapidly as possible to meet demand," the company said in a trading statement.
The company also maintained guidance for full-year profits of €950m.
"Assuming our end-markets remain relatively stable, initiatives both executed and currently under way ought to support stronger overall trading profit growth in 2026."
Reporting by Frank Prenesti for Sharecast.com
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