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Increase in sales at Kingspan

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Cavan based Kingspan has reported sales in the nine months to 30th September of €2.69bn, up 19% on the same period last year, according to a trading update from the company.

Organic revenue growth was 11% for the first nine months of the year.

Meanwhile sales in the three months to 30th September were up 17% year-on-year at the insulation and building envelope solutions company.

Breaking the update down by segment, insulated panel sales in the first nine months of 2017 increased by 16% year-on-year.

Net debt for the year-end 2017 at the company is expected to be around €400m.

The group said that it expects to deliver full year trading profit growth of around 10% or €375m.