Building materials group Kingspan said today its operating profit should grow by around 33 per cent this year on the back of a strong performance in its insulated panels business.
In a trading statement released today, the company said it had spent €85 million on nine acquisitions including a majority stake in an insulated panels maker in Turkey.
The company said a "favourable material pricing environment" underpinning strong demand for its products, and should offset any potential slowdown in the Irish construction market.
