Kingspan sees profit 'significantly' ahead of last year amid jump in sales

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High performance insulation Kingspan said it expected to generate profit that was 'significantly' ahead of last year's amid ongoing sales growth.

'2021 has still to play out fully with the seasonally important fourth quarter remaining and, accordingly, we expect to deliver a full year trading profit in the region of €750m, significantly ahead of the €508.2m recorded in 2020,' the company said.

For nine month period to 30 September, sales were up 44% to €4.72 billion, with sales growth of 50% in the third quarter.