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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Kingspan Group plc    KRX   IE0004927939

KINGSPAN GROUP PLC

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Kingspan : 1st Half Profit Fell as Coronavirus Pushed Down Revenue

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08/21/2020 | 03:30am EDT

By Joe Hoppe

 

Kingspan Group PLC said Friday that its pretax profit declined 15% for the first half of 2020 and revenue fell amid the coronavirus pandemic,

The Ireland-based building and insulation materials company said pretax profit was 177.5 million euros ($210.5 million) compared with EUR208.9 million for the first half of 2019. The company said performance varied substantially from region to region depending on the severity and length of government restrictions to curb the spread of Covid-19, but that it was helped by a rapid introduction of cost-cutting measures.

Revenue was EUR2.07 billion compared with EUR2.24 billion the year before.

The board didn't declare an interim dividend in order to conserve cash, and said its medium-term dividend and shareholder-returns policy remains under review.

"With over EUR1.0 billion in cash and undrawn facilities we are well placed to come through the crisis in a strong position," Chief Executive Gene Murtagh said.

Kingspan said that while it expects the global market to generally be tougher post-coronavirus, it remains agile and well-funded enough to navigate the crisis.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 


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Financials
Sales 2020 4 512 M 5 298 M 5 298 M
Net income 2020 330 M 387 M 387 M
Net Debt 2020 533 M 625 M 625 M
P/E ratio 2020 39,1x
Yield 2020 0,31%
Capitalization 13 351 M 15 696 M 15 678 M
EV / Sales 2020 3,08x
EV / Sales 2021 2,78x
Nbr of Employees 15 000
Free-Float 83,0%
Chart KINGSPAN GROUP PLC
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Technical analysis trends KINGSPAN GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 72,00 €
Last Close Price 73,55 €
Spread / Highest target 22,4%
Spread / Average Target -2,11%
Spread / Lowest Target -25,2%
EPS Revisions
Managers
NameTitle
Gene M. Murtagh Chief Executive Officer & Executive Director
Eugene Murtagh Non-Executive Chairman
Geoffrey P. Doherty Chief Financial Officer & Executive Director
Russell Shiels Executive Director & Divisional President
Peter Wilson Executive Director & MD-Insulation Boards Business
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