EarningsQ2 2026 Earnings Report
DE:KRX Q2 2026 EPS Results
Actual EPS€1.79
Consensus EPS€1.76
Beat/MissBeat by +€0.03
One Year Ago EPS€1.71
DE:KRX Q2 2026 Revenue Results
Actual Revenue€4.86B
Expected Revenue€2.58B
Beat/MissBeat by +€2.28B
YoY Revenue Growth+7.56%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
DE:KRX Upcoming Earnings
Kingspan's next earnings date is estimated for February 12, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly constructive operational and financial picture: H1 delivered double-digit profit growth, upgraded full-year guidance, robust Advances momentum, geographic strength (notably Americas and Rest of World), margin improvement, solid cash generation and a healthy balance sheet. Remaining risks include Q1 softness in parts of the business, input-cost and currency volatility, a postponed IPO for Advances, and a conservative M&A leverage policy. On balance the positive performance, guidance upgrades and clear execution plans outweigh the listed challenges.Company Guidance
Strong H1 Revenue Growth
Group revenue of ~EUR 4.86–4.9 billion in H1, up 8% year-over-year (currency headwind of ~EUR 61m / 1.5% clipped sales). Group underlying sales growth of 6% (EUR 278m) plus acquisitions contributed ~3% (EUR 125m).
EBITDA and Trading Profit Improvement
EBITDA of EUR 626 million, up 9% year-over-year. Reported trading profit EUR 487.2 million, up 10% (note: includes EUR 4.5m Advances IPO exploration costs); underlying trading profit up ~13% adjusting for currency and that cost.
Upgraded Full-Year Profit Guidance
Full-year trading profit guidance raised to ~EUR 1.125 billion (implies ~18% increase year-over-year if achieved) with expected second-half trading profit growth of ~25% and full-year trading margin guidance around 11%.
Advances (Data-Centric) Rapid Growth
Advances revenue up ~36% pre-currency; management now expects Advances EBITDA for 2026 could be ~EUR 400m (versus prior ~EUR 300m guide) and the previously stated EUR 600m target anticipated to be reached sooner than originally planned (well before 2030).
Building Envelope Momentum & Panels Order Intake
Building Envelope revenue up ~4% pre-currency in H1 (after Q1 softness), insulated panel order intake +13% by volume with order book at similar elevated levels. Envelopes expected to grow >4% in H2 with margins north of 11% in H2.
Geographic Strength and Market Expansion
Americas revenue growth +21% (constant currency) and Rest of World growth >25% H1-on-H1. Latin America expansion beyond Brazil into surrounding countries and Argentina has been highlighted as early-stage, high-potential market.
Solid Balance Sheet and Liquidity
Net debt-to-EBITDA ~1.56x with clear commitment to keep leverage <2x. Available liquidity ~EUR 1.3 billion, undrawn green RCF EUR 700m, private placement notes EUR 1.4b and public bonds EUR 750m; weighted average debt maturity ~3.7 years.
Cash Generation, Dividend and CapEx Discipline
Strong free cash flow of EUR 144m in H1. Interim dividend EUR 0.271, up 3%. H1 CapEx ~EUR 156m; full-year CapEx guidance ~EUR 360m with a similar level expected in 2027.
Margin Progression and Medium-Term Profit Visibility
Trading margin improved to 10% in H1 (+20bps). Management expects H2 trading margin close to 12%, full year ~11%, and continued incremental margin improvement into 2027 with an organic trading profit target of ~EUR 1.3 billion next year.
Operational Execution — US Roofing & Manufacturing Expansion
US commercial roofing rollout on plan: manufacturing in Oklahoma operational, Cumberland (Maryland) commissioning, Utah polyiso plant planned. Management expects US commercial roofing revenue in 2027 to approach ~$200m with positive contribution.
DE:KRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed