12th Jul 2005 07:00
Kingspan Group PLC12 July 2005 FOR IMMEDIATE RELEASE 12 July 2005 Kingspan Group plc Trading Statement Kingspan Group plc ("Kingspan" or "the Group"), a major manufacturer of anintegrated range of products for the construction industry, today issues thefollowing trading statement for the six months ended 30th June 2005, in advanceof its Interim Results for this period which will be announced 6th September2005. The Group as a whole is performing well ahead of the first six months of 2004,in construction markets that have been generally stable. Revenue growth hascontinued to be strong during the first half of the current year,notwithstanding a slower than expected start to the year in Central & EasternEurope. The recent acquisitions are trading in line with expectations. Theimproving trend in EBITA margin has continued. Looking ahead Kingspan anticipates continued progress in its main productgroups, with building activity consistent with that experienced to date. Rawmaterial prices are also likely to be more stable than in the recent past.Results for the year to 31 December 2005 are expected to be ahead of currentmarket expectations. Gene Murtagh, Kingspan CEO, commented "The combination of good underlying growthcoupled with the contribution from acquisitions provides a strong platform forcontinued good growth." IFRS Update Kingspan Group plc has today published an analysis of the main impact ofInternational Financial Reporting Standards (IFRS) on its results for 2004,together with a detailed reconciliation from UK Generally Accepted AccountingPrinciples (UK GAAP) to IFRS. This report has been issued via Regulatory NewsService and is also available from the Kingspan website - www.kingspan.com. An analyst's call will be held at 8.30am GMT on 12 July to discuss the update.Please contact Phil Scott on +353 429698000 ([email protected]) for dial updetails. A recording of this conference call will be available from 10.30am GMTon 12 July 2005 for 1 week. To access this recording please dial: +353 1659 8321(Ireland) or +44 20 7784 1024 (UK). The code for the replay is 5589741# For further information contact: Murray Consultants +353 1 4980300Donnchadh O'Neill +353 87 205 6504 Buchanan Communications +44 (0) 20 7466 5000Tim Thompson/Jeremy Garcia This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KGP.L