Building materials group Kingspan has said it expects to report a trading profit of about €105m for the year.
This is up 10% year on year and in line with expectations.
In an interim management statement, the company said that revenues for the nine months to the end of September rose by 1.6% to €1.16 billion.
But it noted that the pace of sales growth moderated during the third quarter and fell by 0.7% compared to the same time last year.
Kingspan shares are down over 2% in Dublin trade this morning.
The Co Cavan based firm said that despite sentiment in its markets being relatively subdued in the first six months of the year, it still recorded solid progress despite this backdrop.
But in the months since, sentiment has ''undoubtedly weakened further', the company said. It said this was due to an increasing lack of confidence in Europe and with the US commercial construction market being in a ''holding pattern''.
Kingspan said its Australian markets are also ''evidently slowing'', although its sales there continue to show reflecting improving levels of market penetration.
''Overall, general building activity across a number of the group's markets has been easing, with some pockets of relative buoyancy including central and eastern Europe most notably Germany,'' the company's IMS statement said.
