Kingspan says it will barely break even this month as sales slump by one third

By Dave Rogers2020-04-30T11:56:00

Materials firm says current situation unlikely to change for next few weeks

Materials giant Kingspan said global revenue has slumped by one third this month with business in the UK crashing by more than half meaning the firm will only just about break even in April.

It said sales this month, one of the firm’s key trading periods, were down by 35% with France and southern Europe, which includes Spain and Italy, countries which have imposed stringent lockdowns to deal with the covid-19 crisis, particularly weak.

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