Kingspan says sales down 34% in first four months of 2009; Further contraction expected
May 14th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Kingspan, the building materials firm, said today in an Interim Management Statement, that trading in the first four months of 2009 has been predictably tough, characterised by widespread reluctance from customers to commit to new build construction projects. Overall, sales have plunged by34% (-27% on constant currency) to €350m compared to the same period last year and by 39% (-33% on constant currency) excluding acquisitions.