April 20, 2018 / 6:14 AM / 7 months ago

BRIEF-Kingspan Q1 sales up 8 pct after sluggish start to year

April 20 (Reuters) - Kingspan Group PLC:

* KINGSPAN - EXPERIENCED SLUGGISH START TO THE YEAR, MARKETS SLOW TO GET MOVING LARGELY DUE TO A PROLONGED WINTER

* KINGSPAN - Q1 SALES OF 895 MILLION EUROS 8 PERCENT AHEAD OF PRIOR YEAR, 1 PERCENT PRE-CURRENCY AND ACQUISITIONS

* KINGSPAN - UK WAS TOUGH OVERALL ALTHOUGH INSULATED PANELS ACTIVITY IMPROVED SOMEWHAT IN RECENT WEEKS

* KINGSPAN - MAINLAND EUROPE HAS BEEN RELATIVELY STABLE, UNITED STATES GENERALLY POSITIVE

* KINGSPAN - ORDER BACKLOG ACROSS THE GROUP POINTS TOWARDS GOOD Q2, RECENT ACQUISITIONS PERFORMING WELL

* KINGSPAN - H1 TRADING MARGIN PERCENTAGE WILL BE LOWER Y/Y DUE TO MIX OF MARKETS AND ACTIVITY, INITIAL IMPACT OF ACQUISITIONS

* KINGSPAN - NOTWITHSTANDING PRESENT TRADING ENVIRONMENT, REMAIN WELL POSITIONED FOR THE YEAR AS A WHOLE Further company coverage: (Reporting By Padraic Halpin)

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