Summary Financials
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Revenue
€8.6bn
+6%
2023: €8.1bn
EBITDA2
€1.14bn
+7%
2023: €1.07bn
Trading Profit1
€907m
+3%
2023: €877m
Trading Margin3
10.5%
-30 bps
2023: 10.8%
Profit After Tax
€691m
+6%
2023: €654m
EPS
365.2c
+4%
2023: 352.3c
1. Earnings before finance costs, income taxes, depreciation and amortisation
2. Operating profit before amortisation of intangibles
3. Trading profit divided by total revenue
Our Impact
As climate change intensifies, urgent action is critical. Buildings and construction account for 37% of energy-related emissions globally.
Kingspan’s mission is to accelerate a net zero emissions built environment with people and planet at its heart. Through the Completing the Envelope strategy we offer customers a wider range of high-performance building envelope solutions which deliver energy efficient, lower embodied carbon buildings and can also generate renewable energy.
Energy efficient
172m
172m tonnes of CO2e will be saved over the life of our insulation systems sold in 2024
Enough to power a major airline for over 11 years
Note: Assumes 60 year product life; based on an EU airline disclosure of
over 15.4m tonnes of CO2e emissions for 12 months to March 2024
conserved water
44.1bn
Over 44.1bn litres of rainwater will be harvested by our systems produced in 2024
Enough water to fill over 550m baths
Note: Assumes a 20 year product life
recycled material
1.1bn
In 2024 alone, we recycled 1.1 billion waste plastic bottles
Enough recycled bottles to circle the Earth over five times
Note: Equivalent number of PET bottles by weight
natural daylight
3.8bn
Our daylighting systems sold in 2024 create 3.8 billion lumens of natural light annually
Enough to light up 470k homes
Note: Assumes 10 x 60W bulbs per home
Download the full 2024 Annual Report
Download Full Annual Report
Strategic Pillar
Planet Passionate
Isoeste Residential Project
Minas Gerais, Brazil
Insulated Panels
Isotelha RAL 7024
Insulated Roof; Infinity
Wall Ribbon
Global Issues
Planet Passionate aims to impact three big global challenges:
Carbon and Energy
20% on-site renewable energy generation target achieved.
During the year the Group achieved 30% on-site renewable energy generation through the continued rollout of solar PV, wind and heat generation systems. The acquisition of a majority stake in Steico also played an important role through their use of biomass heat generation. 2024 saw a 61% reduction in Scope 1 & 2 GHG emissions against our 2020 base year.
Circularity
Target to recycle 1 billion PET bottles into our manufacturing processes annually achieved.
In 2024, we successfully achieved this target and recycled 1.1 billion PET bottles into our manufacturing processes.
Water
Support of five ocean clean-up projects target achieved.
In November of this year, we partnered with rePurpose Global which marks the fifth and final partner for the ocean clean-up target. This project aims to tackle ocean-bound plastic pollution in Colombia. We have installed 58 rainwater harvesting systems across our businesses to date, which have the potential to harvest 71.7 million litres of rainwater annually.
Through Planet Passionate, we continue to expand our portfolio of products with improved environmental performance, positioning Kingspan at the interface of innovation and sustainability.
Holly Loughman
Head of Sustainability
Our Planet Passionate Targets
In 2024, we continued to make impactful progress through more than 150 projects, achieving three of our 11 targets – 20% on-site renewable generation, to recycle 1 billion PET bottles into our manufacturing processes annually and to support 5 ocean clean-up projects.
Carbon Targets
89%
Net Zero Carbon Manufacturing – scope 1 & 2 GHG emissions1 (tCO2e)
7.8%
50% reduction in product CO2e intensity from primary supply partners (% reduction)
89%
Zero emissions company funded cars2 (annual replacement %)
- Excluding biogenic emissions. Scope 2 GHG emissions calculated using market-based methodology
- Kingspan defines a zero emissions car as a vehicle with zero tailpipe emissions. The boundary does not include the energy used to power the vehicle or the embodied emissions from manufacturing.
Energy Targets
72%
60% direct renewable energy (%)
51%
20% on-site renewable energy generation (%)
64%
Solar PV systems on all wholly owned sites (%)
Circularity Targets
62%
Zero company waste to landfill (tonnes)
100%
Recycle 1 billion PET bottles into our manufacturing processes annually (million bottles)
75%
QuadCore® products utilising recycled PET (no. of sites)
Water Target
62%
Harvest 100 million litres of rainwater annually (million litres)
100%
Support 5 ocean clean-up projects (no. of projects)
UC Medical Centre
Ohio, USA
Insulated Panels
QuadCore® Optimo®
wall panel system
Our Planet Passionate Journey in 2025
To replace our achieved targets and reflect the significant increase in scope and scale of our global operations, we have updated our carbon targets and set three new targets for the period 2025-2030. Further details are available in our Planet Passionate report.
Carbon
61%
Reduction in Scope 1 & 2 GHG emissions against 2020 base year
In 2024, we also achieved a 14% reduction in Scope 3 GHG emissions against our 2020 base year.
Energy
30%
On-site renewable energy generation
Our 20% target was achieved through the continued rollout of solar PV, wind and heat generation systems. The acquisition of a majority stake in Steico, a global leader in wood fibre insulation, also played an important role through their use of biomass heat generation.
Circularity
69%
of Waste Recycled
Recycling trials are ongoing to investigate ways in which Kingspan production waste could be reutilised to add value, while helping us divert waste from landfill. In 2024, we also installed a compounder recycling facility in our Daylighting facility in Kingscourt. This compounder is capable of recycling up to 2,000 tonnes of polycarbonate annually, producing key raw materials for our daylighting products.
Water
2.2m
litres added
In 2024, we installed nine rainwater harvesting systems across our businesses. These systems have the potential to harvest an additional 2.2 million litres annually. In total, our 58 systems harvested 63.2 million litres of rainwater during the year.
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