Irish group Kingspan raised its annual profit guidance by 18% on August 7, setting a new operating profit target of approximately 1.13 billion euros. This upward revision was driven by the data center division Advnsys, which posted 34% sales growth in the first half of 2026, with order intake and backlog more than doubling year-on-year. Kingspan shares surged nearly 20% on the Dublin Stock Exchange following the announcement. The group now projects annual revenue exceeding 10 billion euros for the first time in its history.
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