By Jaime Llinares Taboada
Kingspan Group PLC said Friday that it had a record first quarter, with sales growing 47% on year.
The insulation and building envelopes company achieved sales of 1.89 billion euro ($1.98 billion) in the three months ended March 31, with underlying growth of 31%.
Kingspan said the outlook for the second quarter is positive, although raw-material inflation remains an issue and margins are likely to see a lag.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
04-29-22 0311ET