Kingspan Grp Ord (KGSPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to today's Kingspan half-year results 2026 conference call. My name is Seb and I'll be the operator for your call today. If you would like to ask a question during the Q&A session, please press star 1 on your telephone keypad. If you would like to withdraw from the queue, please press star 2. In the interest of time and fairness, we ask that you limit yourself to two questions each. I will now hand the floor over to Jean Murtagh, CEO, to begin the call. Please go ahead. Thank you and good morning everybody. Welcome to the Half Year Results 2026 here at Kingspan. We get straight into it on slide number three, which is titled H1 in Summary. Really quite a strong first half, bearing in mind that the first quarter was difficult worldwide and in our sector naturally. But for the first half, I think a very pleasing outcome with revenue just under 4.9 billion, which is 8% ahead of prior year. Our EBITDA was up 9% at 626, and our trading profits, our pure trading profit number, up 10% at 487 million, all of which is, I think, reasonably positive in the environment that we're in. Importantly, by business segments, the envelope business was up 4% at a revenue level and advances which is heavily focused on the data side was up 36% pre currency at a revenue level so both both extremely encouraging and we get into the order books in both businesses as we go through the presentation and we're holding back on our share buyback program and just to preserve dry powder for some opportunities that are out there right now and And the outlook for the second half of the year is even better again. We're upping our guidance to 1.125 billion trading profit for the year as a whole, which would imply second half trading profit growth of around 25%. So momentum is incre...