Irish-headquartered insulation specialist Kingspan has reported a 5% increase in trading profit to €877 million for the year ended December 31st, 2023. Despite a marginal decline in revenue by 3% to €8.
1 billion, the company's earnings per share were up by 7%. The contraction in revenue was mainly due to the deflationary impact of raw material pricing. Kingspan also highlighted its progress in reducing greenhouse gas emissions by 65% through various projects.