Kingspan Group PLC (MEX:KSP)
MXN 2088.43 0 (0%) Market Cap: 279.92 Bil Enterprise Value: 317.90 Bil PE Ratio: 21.04 PB Ratio: 3.24 GF Score: 86/100

Full Year 2023 Kingspan Group PLC Earnings Call Transcript

Feb 16, 2024 / 08:00AM GMT
Release Date Price: MXN2088.43
Operator

Hello, everyone, and welcome to Kingspan Preliminary Results 2023. My name is Bruno, and I'll be operating your call today.

(Operator Instructions) I will now hand over to your host and CEO, Gene Murtagh. Please go ahead.

Gene M. Murtagh
Kingspan Group plc - CEO & Executive Director

Thanks, Bruno. Good morning, everybody, and welcome to our 2023 results call. We'll take you directly into the detail on Slide #3, please, titled 2023 in Summary. So basically, revenue, just over EUR 8 billion which was minus 3%, and we go through the detail of the makeup of that shortly. Trading profits, 5% ahead, earnings up 7% and I think very significantly, greenhouse gas emissions, Scope 1 and 2 down over 50%, which obviously was a fairly monumental year in terms of emission reductions across the business.

By the business units, Insulated Panels, sales decreased 9%, very mixed markets, which we highlighted all through the year. Strong volume performance in France, the U.S. and Latin America, which I think not surprisingly was offset by subdued volumes in

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