Kingspan Grp Ord (KGSPF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone to the Kingspan Preliminary Results 2025. My name is Becky and I will be the operator today. All lines will be muted throughout the presentation portion of the call with a chance for Q&A at the end. If you wish to ask a question in this time, please press start followed by one on your telephone keypads. I will now hand over to your host, Jean Mata, CEO, to begin. Please go ahead. Excellent. Good morning. Thank you and welcome everybody. I'm joined here by Jeff and Dave to take you through our 2025 results. If you could please just go to slide three in the results deck titled 25 in summary. And just in brief, we saw revenue growth to 9.2 billion euro, which was Pre-currency growth of 9%. On the EBITDA, we were just over 1.2 billion, which similarly was 9 up. And trading profits was just over 955 million. And again, like for Lycra, our pre-currency growth of 8%, which brought our EPS to 370 cents. And once again, on our continued emission reductions program right across the group, we've seen since 2020, a scope one and two internal reductions of 70%, which is pretty extraordinary. And that continues to advance along the lines that we've discussed previously. Backing up those results clearly and exiting the year, the insulated panel order bank as part of the envelope was ahead 8%, and actually the intake in the same product group is ahead 8% for the first six weeks of this year. And in the advanced business units, the revenue was up 12% in the year, which obviously accelerated through the second half. The backlog at the end of the year was ahead 24% in that whole product group. And the order intake in the advanced product sets is double prior year in the first six weeks. And we expect that growth rate to actually accelerate from this point for...