Download the 2023 Annual Report
Collin College Technical Campus
Texas, USA
Light, Air + Water
UniQuad® Polycarbonate Wall System
Chairman's Statement
Jost Massenberg
I am pleased to report that Kingspan has delivered a strong performance in 2023. Trading profit rose by 5% to €877m (2022: €833m) and earnings per share by 7% to 352.4 cent (2022: 329.5 cent).
2023 Performance
Trading profit rose by 5% to €877m (2022: €833m) and earnings per share by 7% to 352.3 cent (2022: 329.5 cent). These record results were achieved through our focused strategy of offering an expansive range of sustainable and energy-saving building solutions aligned with our four key pillars of Innovation, Planet Passionate, Globalisation, and ‘Completing the Envelope’.
2023 Strategic Highlights
Our business model and our strategic pillars enable the ongoing conversion to ultra-performance building envelopes from outdated, inefficient, methods of construction.
Innovation
In our quest to decarbonise, we have focused our innovation on two main strategies: refining existing products with lower carbon alternatives, and exploring new bio-based materials and solutions. During 2023, we launched several lower embodied carbon (LEC) products in our Insulated Panel, Insulation Boards and Data + Flooring businesses.
Read more
Completing the Envelope
During the year, we further expanded our building solutions portfolio with the acquisition of CaPlast, enhancing our Roofing + Waterproofing segment, and since year end we have acquired 51% of Steico SE, a world leader in wood wool insulation, adding to our growing bio-based portfolio.
Read more
Global
We have also continued our organic global growth with new Insulated Panels and Data + Flooring facilities commissioned or in progress during the year in Europe, South East Asia and the Americas. In addition, our planned Ukraine Building Technology Campus is progressing with the selection of a final site location in Lviv.
Read more
Planet Passionate
Throughout the year we continued to make significant progress on our Planet Passionate programme, delivering a 54% reduction in GHG emissions, while at the same time increasing our proportion of on-site renewable energy usage by 34%.
Read moreDividend
Subject to approval at the Annual General Meeting, the Board is recommending a final dividend of 26.6 cent per share.
This will give a total dividend for the year of 52.9 cent, (compared to 49.4 cent in the prior year). This is in line with Kingspan’s established shareholder returns policy. If approved, the final dividend will be paid (subject to Irish withholding tax rules) on 20 May 2024 to shareholders on the register at close of business on 12 April 2024.
The Exo Building
Dublin, Ireland
Data + Flooring
RMG600
Management and employees
The success of 2023 could not have been achieved without the hard work of our people.
The Board would like to thank our team for their commitment and dedication, which has been central to the delivery of another strong performance.
The production team in Terasteel, Romania
Looking Ahead
Kingspan is well positioned with a robust balance sheet, a diversified spectrum of sustainable building solutions and a clear focus on our Planet Passionate objectives.
Management’s strong track record of delivering on our strategy, combined with an exciting product and regional development pipeline, underscores my confidence that we will continue to deliver sustainable long-term value to our shareholders and wider stakeholders alike.
Jost Massebberg
Chairman
20 February 2024
Newton Staete
The Netherlands
Insulated Panels
JI insulated panels;
JI roof and wall profiles
Learn about our Strategic Pillars:
Our business model and strategy are enabling the transition from outdated, inefficient, methods of construction to ultra-performance building envelopes.
