Financial Summary

Amager Bakke
Copenhagen, Denmark
Roofing + Waterproofing
Derbigum^® GC WW

Annual Report 2022

Business Review

The 2022 outcome for the Group as a whole was relatively pleasing given the accumulating uncertainty as the year progressed.

Over-life carbon saved in buildings using insulation systems we manufactured in 2022 is an estimated 173 million tonnes of CO2e, driving record revenue of €8.3bn and record trading profit of €833m. This was achieved at a time of exceptional inflation and unprecedented disruption in supply chains globally, which was less a feature in the latter part of the year.

Summary Financials

Revenue

€8.3bn

+28%

2021: €6.5bn

EBITDA ¹

€998.3m

+12%

2021: €893.2m

Trading Profit ²

€833.2m

+10%

2021: €754.8m

Trading Margin ³

10.0%

-160bps

2021: 11.6%

Profit After Tax

€616.0m

+8%

2021: €570.6m

EPS

329.5c

+8%

2021: 305.6c

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

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Cincinnati Children’s Utility Plant
Ohio, USA

Insulated Panels
Morin Matrix Series

Positioned for ongoing growth

Kingspan recorded another meaningful year in its contribution to lowering the CO2 emissions of buildings combined with record revenue and EBITDA touching €1 billion for the first time. Notwithstanding ongoing challenges in the global economy, we expect to see a continuation of the structural drive in favour of more sustainable buildings over the longer term.

Given the powerful combination of our global scale, the diversity of our end markets, our ability to grow organically and through acquisition, alongside our strong innovation pipeline and an ongoing societal drive for energy efficiency, we believe Kingspan is very well placed for continuing progress for the benefit of all stakeholders

Gene M. Murtagh
Chief Executive

Learn more about our Strategic Pillars:

Our business model and strategy are are enabling the transition from outdated, inefficient, methods of construction to ultra-performance building envelopes.