The Kingspan PLC Board has declared an interim dividend of 19.9 cent¢ (H1 2020: nil) payable on 8 October 2021 to shareholders on the register on the record date of 10 September 2021. This is in line with the previously announced revised shareholder returns policy.
Other financial highlights include:
•Revenue up 41% to €2.9bn, (pre-currency and acquisitions, up 36%).
•Trading profit up 64% to €329m, (pre-currency and acquisitions, up 60%).
•Group trading margin of 11.3%, an increase of 160bps versus the same period in 2020.
•Acquisitions contributed 8% to sales growth and 7% to trading profit growth in the period.
•Net debt of €601.7m (H1 2020: €437.9m). Net debt to EBITDA of 0.83x (H1 2020: 0.79x).
•Basic EPS up 65.9 % to 132.4 cent (H1 2020: 79.8 cent).
•Continued growth in ROCE at 18.9 % (H1 2020: 16.9%).
