Kingspan Group building a year of growth with 2021 results
On February 18, 2022, Kingspan Group published its 2021 financial report where the company has reported that its revenue shot up 42% from last year. The company attributed 12% of its sales growth to the acquisitions it made throughout the year. What has also helped the company in the year is its overall growth in the company for the year with the company opening up five new production plants with a further twenty-five plants set to open up through 2025. The company has remained vigilant of potential future obstructions in its supply chain and energy costs that may impact its revenue and forecasting for the next year.
M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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