Timber Building
10 March, 2010
  • Timber Building - Click here to visit www.medite-europe.com
  • Timber Building - Please click here to subscribe to Timber Building Magazine
  • Timber Building - Click here to visit 'The Doorway'
E-mail Updates
RSS

Kingspan’s Lighthouse uses the TEK structural insulated panel system

Kingpsan timber building system sales down 72%
Published:  01 March, 2010

Kingspan Group’s engineered timber systems business experienced a 72% reduction in sales during 2009.

The group, whose off-site timber building business comprises Potton, Kingspan TEK and the former Century and Pace Timber systems operations, said the result depressed the margin of its wider insulation boards business.

“The underlying profitability of the division continues  to remain robust and should not be materially affected by the engineered timber systems business in the future,” it said.

Kingspan’s timber systems operations were all acquired within the past 10 years and formally came under the Kingspan Off-Site name, but a reorganisation means the businesses report under the insulation boards division.

Overall, the group’s pre-tax profits fell 17% to €56.7m last year, with sales down 33% to €1.12bn.

Chief executive Gene Murtagh said last year the group had experienced a set of global challenges never encountered before by the business.

“While the year ahead will present continued challenges, there is now tangible evidence of stability emerging with conditions becoming more predictable than in the recent past,” he said.



  • Timber Building - click here to visit Trada at www.trada.co.uk
  • Timber Building - Click here to visit Arch Timber Protection
  • Timber Building - Click here to visit Wolf Systems Limited
  • Timber Building - Click here to visit www.TTJonline,com
  • Timber Building - Click here to visit TTJ's online Address book






Poll

Are you attending this year's Ecobuild?

  • Yes
  • No