Announcement • Aug 13
Kingspan Group plc (ISE:KRX) entered into an agreement to acquire BMC Manufacturing Ltd. for €900 million. Kingspan Group plc (ISE:KRX) entered into an agreement to acquire BMC Manufacturing Ltd. for €900 million on August 11, 2026. Under the terms of the agreement, the initial consideration for the shares will be satisfied by €600 million in cash and €250 million new shares in Kingspan. Additionally, BMC Manufacturing will also receive potential deferred consideration of up to €50 million contingent on achievement of significant profit targets. The cash consideration will be fully funded from Kingspan's existing credit facilities.
The acquisition is conditional on regulatory clearance, and is expected to complete in Q4 2026. The transaction is expected to be earnings, margin and ROCE accretive in year 1.
Andrew Tzialli, Edon Byrnes, Simon O’Neill, Tom Conway, Alan Connell, Anne Bateman, Ronan Dunne, and Bláthnaid Evans of Philip Lee Solicitors acted as legal advisor to the founders and shareholders of BMC Manufacturing. Jame Toomey, Richard Dennehy, Gavin George, Philippa Reynolds, Antoine Daubigny, Daire Sweeney, George Byron, Claire Grimes, Aitolkyn Stamkulova, Rory Duggan, Karen Clarke, Alan Sheehan, Cormac Doyle, Niall Glynn, Karen Walsh, Fiona Barry, and Conor Clancy of Deloitte Ireland LLP acted as accountant and due diligence provider to the shareholders of BMC Manufacturing. Price Target Changed • Aug 10
Price target increased by 7.0% to €98.99 Up from €92.51, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of €95.25. Stock is up 39% over the past year. The company is forecast to post earnings per share of €4.18 for next year compared to €3.70 last year. Declared Dividend • Aug 10
First half dividend of €0.27 announced Shareholders will receive a dividend of €0.27. Ex-date: 3rd September 2026 Payment date: 9th October 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 16%. Reported Earnings • Aug 09
First half 2026 earnings: EPS and revenues exceed analyst expectations First half 2026 results: EPS: €1.81 (up from €1.72 in 1H 2025). Revenue: €4.86b (up 7.6% from 1H 2025). Net income: €325.0m (up 3.8% from 1H 2025). Profit margin: 6.7% (down from 6.9% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • Aug 08
Kingspan Group plc Provides Earnings Guidance for Year 2027 Kingspan Group plc Provides earnings guidance for year 2027. For 2027, The company expects revenue to be hopefully pushing up around $200 million with a positive contribution as well. New Risk • Aug 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Irish stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €96.10, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €88.44 per share. Announcement • Jul 23
Kingspan Group plc to Report First Half, 2026 Results on Aug 07, 2026 Kingspan Group plc announced that they will report first half, 2026 results on Aug 07, 2026 Buy Or Sell Opportunity • May 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €73.25. The fair value is estimated to be €93.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Eavan Saunders was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to €75.55. The fair value is estimated to be €94.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Upcoming Dividend • Apr 02
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Irish dividend payers (4.8%). Lower than average of industry peers (2.3%). Announcement • Mar 21
Kingspan Group plc, Annual General Meeting, Apr 30, 2026 Kingspan Group plc, Annual General Meeting, Apr 30, 2026. Location: ikon, dublin road, kingscourt, co. cavan, a82 xy31, Ireland Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to €68.70. The fair value is estimated to be €88.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Declared Dividend • Feb 23
Final dividend increased to €0.29 Dividend of €0.29 is 2.5% higher than last year. Ex-date: 9th April 2026 Payment date: 20th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 22%. Reported Earnings • Feb 22
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €3.70 (up from €3.65 in FY 2024). Revenue: €9.20b (up 6.9% from FY 2024). Net income: €671.2m (flat on FY 2024). Profit margin: 7.3% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Kingspan Group plc to Report Fiscal Year 2025 Results on Feb 20, 2026 Kingspan Group plc announced that they will report fiscal year 2025 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2026 Buy Or Sell Opportunity • Jan 07
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €70.80. The fair value is estimated to be €88.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. New Risk • Dec 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Irish stocks, typically moving 4.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (4.7% average weekly change). Minor Risk High level of debt (42% net debt to equity). Buy Or Sell Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to €64.20. The fair value is estimated to be €80.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Buy Or Sell Opportunity • Oct 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to €64.90. The fair value is estimated to be €81.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. New Risk • Sep 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Irish stocks, typically moving 4.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (4.1% average weekly change). Declared Dividend • Aug 22
First half dividend of €0.26 announced Shareholders will receive a dividend of €0.26. Ex-date: 4th September 2025 Payment date: 10th October 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.9%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 25%. Announcement • Jul 11
Kingspan Group plc to Report First Half, 2025 Results on Aug 08, 2025 Kingspan Group plc announced that they will report first half, 2025 results on Aug 08, 2025 Announcement • Mar 13
Kingspan Group plc, Annual General Meeting, May 01, 2025 Kingspan Group plc, Annual General Meeting, May 01, 2025. Location: ikon, dublin road, kingscourt, co. cavan, a82 xy31, Ireland Announcement • Feb 22
Kingspan Group plc to Report Fiscal Year 2024 Results on Feb 21, 2025 Kingspan Group plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 21, 2025 Announcement • Nov 26
Kingspan Group plc (ISE:KRX) acquired 51% stake in Villalba S.A. Kingspan Group plc (ISE:KRX) acquired 51% stake in Villalba S.A. on November 25, 2024.
Kingspan Group plc (ISE:KRX) completed the acquisition of 51% stake in Villalba S.A. on November 25, 2024. Announcement • Oct 22
Kingspan Group plc (ISE:KRX) acquired an additional 26.5% stake in Nordic Waterproofing Holding AB (publ) (OM:NWG). Kingspan Group plc (ISE:KRX) acquired an additional 26.5% stake in Nordic Waterproofing Holding AB (publ) (OM:NWG) on October 18, 2024. On completion, Kingspan holds 62.6% stake in Nordic Waterproofing.
Kingspan Group plc (ISE:KRX) completed the acquisition of an additional 26.5% stake in Nordic Waterproofing Holding AB (publ) (OM:NWG) on October 18, 2024. Announcement • Sep 19
Kingspan Group plc (ISE:KRX) agreed to acquire IB Roof Systems, Inc. from Jason Stanley. Kingspan Group plc (ISE:KRX) agreed to acquire IB Roof Systems, Inc. from Jason Stanley on September 18, 2024. Announcement • May 19
Kingspan Group plc to Report First Half, 2024 Results on Aug 16, 2024 Kingspan Group plc announced that they will report first half, 2024 results on Aug 16, 2024 Announcement • Apr 28
Kingspan Group plc, Annual General Meeting, Apr 26, 2024 Kingspan Group plc, Annual General Meeting, Apr 26, 2024, at 09:00 Coordinated Universal Time. Announcement • Feb 07
Kingspan Group plc to Report Fiscal Year 2023 Results on Feb 16, 2024 Kingspan Group plc announced that they will report fiscal year 2023 results at 7:00 AM, Coordinated Universal Time on Feb 16, 2024 Announcement • Oct 11
Kingspan Tables Takeover Offer for Nordic Waterproofing Irish building materials provider Kingspan Group Plc (ISE:KRX) has made an offer for the shares it does not already own in Nordic Waterproofing Holding AB (publ) (OM:NWG) that values the Swedish company at SEK 3.85 billion (USD 351 million/EUR 332 million). The offer of SEK 160 in cash per share comes after in September Kingspan increased its stake in Nordic Waterproofing to 30.9% by buying 1.65 million at the same price. The price is at a premium of 13.8% to Nordic Waterproofing's shares on September 13, before Kingspan's purchase meant its holding crossed the mandatory bid threshold. The acceptance period for the offer is expected to be between November 23 and February 2024. Announcement • Sep 15
Kingspan Says Takeover Talks with Carlisle No Longer Active Kingspan Group plc (ISE:KRX) confirmed it held "recent and informal discussions" on a potential takeover offer for US peer Carlisle Companies Incorporated (NYSE:CSL). However, Kingspan says there is "no active engagement" at present. Kingspan says it has "admired" Scottsdale, Arizona-based Carlisle for many years, "recognising the clear strategic fit". Bloomberg on September 10, 2023 reported that Kingspan had proposed a tie-up with Carlisle that would create a company with a market value of USD 30 billion. However, this was rejected by Carlisle. Kingspan adds on September 13, 2023: "The North American roofing space remains a key area of interest for Kingspan". Announcement • Aug 19
Kingspan Group Delist its Ordinary Shares on the Official List of the London Stock Exchange Further to the announcement made on 20 July 2023, Kingspan announced that the listing of the Company's Ordinary Shares on the Official List of the Financial Conduct Authority and admission to trading on the Main Market for listed securities of the London Stock Exchange plc have now been cancelled with effect from 8.00 a.m. (Dublin time), 18 August 2023. Announcement • Aug 18
Kingspan Group plc Declares Interim Dividend in Respect of 2023, Payable on 13 October 2023 The directors of Kingspan Group plc have declared an interim dividend in respect of 2023 of 26.3 cent (H1 2022: 25.6 cent) which will be paid on 13 October 2023 to shareholders on the register on the record date of 8 September 2023. Announcement • Jul 18
Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million. Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million on July 17, 2023. The initial consideration for the shares will be €35 per share, plus potential deferred consideration of up to a further €35 per share contingent on achievement of specified thresholds with a material uplift in profitability. The acquisition is expected to be earnings neutral initially, based on Kingspan consensus EPS for 2023 and Steico guidance for 2023. The acquisition is conditional on regulatory clearance and is expected to complete in early 2024. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €68.44, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €65.15 per share. New Risk • Jun 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Irish stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Share price has been volatile over the past 3 months (4.2% average weekly change). Board Change • May 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Louise Phelan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 06
Upcoming dividend of €0.24 per share at 0.9% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Irish dividend payers (4.5%). Lower than average of industry peers (2.4%). Recent Insider Transactions • Mar 02
Group CFO & Executive Director recently sold €625k worth of stock On the 27th of February, Geoff Doherty sold around 10k shares on-market at roughly €62.54 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Geoff's only on-market trade for the last 12 months. Reported Earnings • Feb 19
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €3.30 (up from €3.06 in FY 2021). Revenue: €8.34b (up 28% from FY 2021). Net income: €598.0m (up 7.9% from FY 2021). Profit margin: 7.2% (down from 8.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 18
Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023 Kingspan Group plc announced the appointment of Louise Phelan as an independent Non-Executive Director with effect from 28 April 2023. Ms Phelan (56) was formerly Vice President Global Operations EMEA of PayPal, and is a highly respected business leader and adviser with experience leading global organizations in both the renewable energy and finance sectors. She is the senior independent non-executive director of Ryanair Holdings plc, and was previously a non-executive director of Voxpro. She is a member of the Irish Government's Top-Level Appointments Committee (TLAC), and a member of the President's advisory group at Technological University Dublin. She is also a former President of the American Chamber of Commerce in Ireland. Buying Opportunity • Dec 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be €67.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 4.0% per annum over the same time period. Buying Opportunity • Nov 16
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €74.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 4.8% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 20% share price gain to €59.68, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.91 per share. Price Target Changed • Oct 13
Price target decreased to €77.19 Down from €83.12, the current price target is an average from 14 analysts. New target price is 66% above last closing price of €46.55. Stock is down 48% over the past year. The company is forecast to post earnings per share of €3.48 for next year compared to €3.06 last year. Upcoming Dividend • Sep 01
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Irish dividend payers (4.0%). Lower than average of industry peers (2.3%). Reported Earnings • Aug 21
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: €1.71 (up from €1.32 in 1H 2021). Revenue: €4.15b (up 42% from 1H 2021). Net income: €309.5m (up 29% from 1H 2021). Profit margin: 7.5% (down from 8.2% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 2.8%, compared to a 11% growth forecast for the Building industry in Ireland. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 06
Price target decreased to €83.37 Down from €90.46, the current price target is an average from 15 analysts. New target price is 29% above last closing price of €64.50. Stock is down 30% over the past year. The company is forecast to post earnings per share of €3.50 for next year compared to €3.06 last year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 15% share price gain to €59.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €97.71 per share. Price Target Changed • Jun 29
Price target decreased to €94.08 Down from €103, the current price target is an average from 16 analysts. New target price is 68% above last closing price of €56.02. Stock is down 30% over the past year. The company is forecast to post earnings per share of €3.49 for next year compared to €3.06 last year. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €61.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €102 per share. Recent Insider Transactions • Jun 11
Independent Non-Executive Director recently bought €152k worth of stock On the 7th of June, Eimear Moloney bought around 2k shares on-market at roughly €75.78 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buying Opportunity • May 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Upcoming Dividend • Mar 17
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Irish dividend payers (4.9%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 19
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €3.06 (up from €2.06 in FY 2020). Revenue: €6.50b (up 42% from FY 2020). Net income: €554.1m (up 48% from FY 2020). Profit margin: 8.5% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 4.1%, compared to a 11% growth forecast for the industry in Ireland. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. 
