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Welcome to Kingspan’s 2023 Annual Report. https://annual-report.kingspan.com/wp-content/uploads/2024/02/Business_Strategic_Report_23.pdf |
Financial Review -Kingspan https://annual-report.kingspan.com/financials-governance/financial-review |
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Download the 2023 Annual Report MENU Our People Our Clan In 2023, we launched our People Passionate programme to enrich the experience of the over 22.5k people who move Kingspan forward every day. Read some of our career stories. Our Communities Kingspan's success is enabled by the communities in which we operate, we aim to return that support through community engagement programmes. Our Customers Our customers inspire us in the innovation of our products and services, leading to breakthroughs such as our lower embodied carbon portfolio. BusinessStrategy Our Business CEO Review Our Values Global Communities Strategic Pillars Innovation Planet Passionate Completing the Envelope Global FinancialsGovernance Chairman’s statement Financial review NominationGovernance Renumeration AuditCompliance Downloads Full Annual Report StrategyBusiness Financial Statements Directors Report Kingspan Annual ReportFinancial Statements 2023 Our Planet Discover more about our key initiatives for the Planet Our Mission Accelerating a zero emissions future-built environment Our People Learn more about Kingspan's passionate people People are the key driver of our success. Kingspan would not be what it is today without the energetic teams across the world that are dedicated to growing the business, the customers that are passionate about beautiful and sustainable buildings, and the communities which support our growth. Gene Murtagh Chief Executive Officer Read more about Our People Learn how the strength and unity of our people are at the heart of our success. Our Clan In 2023, we launched our People Passionate programme to enrich the experience of the 22.5k people who move Kingspan forward every day. Read some of our career stories. Read more Our Communities Kingspan’s success is enabled by the communities in which we operate, we aim to return that support through community engagement programmes. Read more Our Customers Our customers inspire us in the innovation of our products and services, leading to breakthroughs such as our lower embodied carbon portfolio. Read more Our Impact Kingspan’s insulation systems, sold in 2023, will save an estimated 731 million MWh of energy or 164 million tonnes of CO2e over their lifetime. Ultra Energy-Efficient 164m tonnes 164 million tonnes of CO2e will be saved over the life of our insulation systems sold in 2023 Enough to power a major airline for over 11 years Assumes 60 year product life; based on an EU airline disclosure of over 12.5m tonnes of CO2e emissions for 12 months to March 2022 Recycled Materials 858m In 2023 alone we upcycled 858 million waste plastic bottles Enough recycled bottles to fill over 1,100 football pitches Conserved Water 41.3bn litres Over 41 billion litres of rainwater will be harvested by our tanks produced in 2023 Enough water to fill over 500 million baths Assumes a 20 year product life Natural Daylight 9bn lumens The capacity to create 9 billion lumens of natural light annually through our daylighting systems Enough to light up 1 million homes Assumes 10 x 60W bulbs per home Read More Chief Executive’s Review 2023 edged ahead of the record achieved in 2022 delivering a trading profit of €877m, up 5% on prior year. EPS was up by 7%, despite revenue declining marginally by 3% in total, and by 7% on an underlying basis. Whilst some markets displayed volume pressure, the predominant reason for the contraction in revenue was the knock-on deflationary impact of raw material pricing in the early part of the year. Gene Murtagh Chief Executive Officer Read the Chief Executive Review The Valley Amsterdam Amsterdam, The Netherlands Light, Air + Water BA-4 Glass fin system Summary Financials 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 Download the Financial Statements Revenue €8.1bn -3% 2022: €8.3bn EBITDA ¹ €1,068m +7% 2022: €998m Trading Profit ² €877m +5% 2022: €833m Trading Margin ³ 10.8% +80bps 2022: 11.6% Profit After Tax €654m +6% 2022: €616m EPS 352.3c +7% 2022: 329.5c Notice : Trying to access array offset on value of type bool in /nas/content/live/kingspanannual/wp-content/themes/kingspan/includes/sections/table.php on line 89 " alt="" /Vinospol Svatobořice-Mistřín, Czech Republic Insulated Panels KS1000 and KS1150 Wall Panels Learn about our Strategic Pillars: Our business model and strategy are enabling the transition from outdated, inefficient, methods of construction to ultra-performance building envelopes. Innovation Planet Passionate Completing the Envelope Global Annual Report 2023 Select Report Type Annual Report 2023 PDF 13.17 MB Strategic Report PDF 7.79 MB Financial Statements PDF 1.06 MB Directors' Report PDF 2.76 MB Download PDF Privacy Policy Cookie PolicyControl Terms of Use Connect with us: © Kingspan 2024. All rights reserved. Annual ReportFinancial Statements 2023 Back to Main...
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