Building materials group Kingspan has said it expects to deliver a full year operating profit of €335m, an increase of 30% on the previous year.
In a trading update, the insulation specialist said its sales for the nine months to the end of September were €2.27 billion, up 13% year-on-year.
The Co-Cavan based company said it is, however, seeing the impact of weaker sterling when translating earnings from the UK, where it does the bulk of its business, back into euro.
"As anticipated, we are going through a period of mild raw material cost inflation and the related recovery effort is underway," Kingspan stated.
"The weakening of sterling against the euro, in particular since mid-year, is impacting the translation of the group's sterling denominated earnings," it added.
