Kingspan Group PLC (LSE:KGP) bowed out of the London Stock Exchange on a low-key note with lower revenues and flat interim profits.
As of today, shares in the insulation board giant are no longer traded in London with its primary listing on the Euronext market in Dublin.
Low activity in its shares in London was the reason given for the shift, though it has also never been able to lift the shadow of the Grenfell Tower disaster.
Revenues in the half year to end June dropped by 2% to €4.1 billion with trading profits up a notch at €435 million.
Insulated panels sales fell 10% driven by sluggish volumes, particularly in Central and Eastern Europe, offset slightly by France and the US.
Insulation sales dropped by 5% with residential markets weak.
Gene Murtagh, chief executive, said that against a testing environment, it had been a strong first performance with higher interest rates and a degree of price deflation.
“We expect continuing strategic momentum supported by a strong development pipeline, an increasingly stable supply chain and pricing environment, and a global decarbonisation drive.”
The interim dividend rises by 3% to 26.3c.