Download the 2023 Annual Report
Frisco Public Library
Texas, USA
Data + Flooring
STONEWORKS panels; ConCore 1250
Financial Review
Download the Financial StatementsBusiness Review
2023 edged ahead of the record achieved in 2022 delivering a trading profit of €877m, up 5% on prior year.
EPS was up by 7%, despite revenue declining marginally by 3% in total, and by 7% on an underlying basis. Whilst some markets displayed volume pressure, the predominant reason for the contraction in revenue was the knock-on deflationary impact of raw material pricing in the early part of the year
Wilmot Gateway Park
Washington, USA
Light, Air + Water
Briteway™ Polycarbonate
Walkway
Summary
Financials
Financials
- Earnings before finance costs, income taxes, depreciation, amortisation and non trading item
- Operating profit before amortisation of intangibles and non trading item
- Trading profit divided by total revenue
Revenue
€8.1bn
-3%
2022: €8.3bnEBITDA ¹
€1,068m
+7%
2022: €998mTrading Profit ²
€877m
+5%
2022: €833mTrading Margin ³
10.8%
+80bps
2022: 11.6%Profit After Tax
€654m
+6%
2022: €616mEPS
352.3c
+7%
2022: 329.5c
MHA Tribal Headquarters
North Dakota, USA
Light, Air + Water
GridSpan™ Polygon Skylight
Another record Trading Profit outcome
2023 edged ahead of the record achieved in 2022 delivering a trading profit of €877m, up 5% on prior year.
Looking Ahead
In the current environment, it is difficult to predict what is in store near term with opportunities and challenges in equal measure. The performance of the business is varied across different geographies and sectors, a theme we have consistently referred to over the past year or so.
It is still very much early days in the current financial year, although seasonal factors have hampered early progress in some markets. Our balance sheet is robust, and coupled with a strong development pipeline, purposeful strategy, and innovation agenda, this ought to place us positively in the year ahead.
The combination of a resolute focus on our distinctive Planet Passionate strategy, strong structural demand for energy efficiency, ever-increasing and obvious impacts of climate change, and the diversified nature of our end markets all position Kingspan favorably for the long term.
Gene Murtagh
Chief Executive Officer
20 February 2024
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Our business model and strategy are enabling the transition from outdated, inefficient, methods of construction to ultra-performance building envelopes.
