UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 42
Light
& Air
TURNOVER
€552.2m
+24%(1)
2020: €445.5m
TRADING PROFIT
€36.0m
+15%
2020: €31.2m
TRADING MARGIN
6.5%
-50bps
2020: 7.0%
1 Comprising
underlying +1% and
acquisitions +23%
38 - 39
This relatively new segment for the
Group has been evolving rapidly
with global revenue for the year of
€552.2m. Organic growth in 2021
amounted to a modest 1%, and the
contribution of the Colt acquisition
in 2020 delivered €178m revenue in
2021. The recovery of cost inflation
has been slower than expected
owing to the long contract lead
time with customers. Recovery is
now well underway and should
deliver a positive margin evolution
during 2022.
France and Germany were both
strong performers whilst the US
slipped back a little against very
strong project comparatives in 2020.
In addition to bedding down the Colt
acquisition, a number of bolt-ons
were added during 2021 including
Solatube International and Major
Industries in the US. The former
creates a wider global opportunity
for the transmission of natural light
into buildings via tubular daylighting
systems, whilst Major Industries adds
to our existing range of architectural
wall daylighting solutions.
AFAS
Leusden, The
Netherlands
Light & Air
Glass roofs
and facade
Insulation
Unidek Dijkotop
