November 14, 2016 / 7:11 AM / 3 years ago

BRIEF-Kingspan expects FY trading profit to rise by over 30 pct y/y

Nov 14 (Reuters) - Kingspan Group Plc

* Sales in the third quarter were up 5 percent (+10 percent pre-currency).

* Sales nine month to end-Sept 2.27 billion eur, up 13 percent y/y (+17 percent pre-currency)

* UK insulated panels continue to trade positively, UK sales in insulation boards strong

* Year-end net debt forecast around 400 million euros, weakening of sterling impacting translating of earnings

* Going through period of mild raw material cost inflation as expected, related recovery under way

* Assuming current fx, expect FY trading profit of approximately 335 million euros, over 30 pct ahead y/y Further company coverage: (Reporting By Padraic Halpin)

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