UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 24
BUSINESS & STR ATEGIC REP ORT
In this, my first Chairman’s Statement
to you the Kingspan shareholders, I
am pleased to report on an exceptional
performance despite what transpired to
be a very challenging year.
Chairman’s
Statement
Jost Massenberg
2021 performance
Total revenue of €6.5bn (2020: €4.6bn)
delivered record trading profits of
€755m (2020: €508m), an increase of
49% on prior year. This was achieved
in a year when we experienced supply
chain disruptions, unprecedented raw
material inflation and of course the
on-going global pandemic.
We also continued to deliver on our
four strategic pillars: Innovation,
Planet Passionate, Completing the
Envelope, and Global. Kingspan
differentiates itself from its peers by
continuous innovation, particularly
in new sustainable technologies such
as our new energy saving solar PV
PowerPanel™ due to be launched
later this year, and the incorporation
of upcycled and organic materials in
our high-performance insulation. We
have also continued to progress our
global footprint through acquisitions
in Europe including the Logstor
Group in Denmark and TeraSteel
in Romania, and in the Americas
20 - 21
including Bromyros in Uruguay and
Diversifoam Products and Solatube
International in the US. We are also
delighted to be publishing shortly
our second annual Planet Passionate
Sustainability Report, which will
detail all the progress made to date
against our ambitious science-based
targets to reduce our carbon and
energy footprint, improve circularity
and increase rainwater harvesting in
our business.
Dividend
The Board is pleased to recommend
a final dividend of 26.0 cent per
share, which if approved at the
Annual General Meeting, will give a
total dividend for the year of 45.9
cent, compared to 20.6 cent in 2020.
This is in line with the Company’s
previously announced shareholder
returns policy. If approved, the final
dividend will be paid (subject to Irish
withholding tax rules) on 6 May 2022
to shareholders on the register at
close of business on 25 March 2022.
Caledon
Industrial Park
Ontario, Canada
Insulated Panels
KS Shadowline
