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About Gene Murtagh

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Latest Gene Murtagh News

The Irish Times Business Person of the Month: Gene Murtagh

Oct 2, 2020

Insulation group Kingspan outperformed market expectations despite Covid-19 about an hour ago   Gene Murtagh , chief executive of international insulation group Kingspan , has been chosen as The Irish Times Business Person of the Month for August. Against the backdrop of the impact of Covid-19, the Kingscourt , Co Cavan-based company outperformed market expectations with its interim results. While the pandemic led to an inevitable contraction in orders during the first half of the year, Kingspan’s profit performance beat analysts’ forecasts. Its trading profit fell 13 per cent to €200 million in the first six months, down from €230.4 million a year earlier. But stockbrokers had predicted that Kingspan’s profits would fall by between €135 million and €175 million. This led to a 9 per cent bounce in its share price on the day of the results, with the stock closing the month in Dublin up about 13 per cent. In the second half of August, it emerged that Kingspan was acquiring Trimo, a Slovenian business that makes roofs and facades, and generates revenues of some €100 million a year. Founded in 1996 by Murtagh’s father Eugene and his uncle Brendan Murtagh , Kingspan’s sales have jumped more than 300 per cent to €1.65 billion since the current CEO took charge in 2005 - as the group expanded its global footprint and products, aided by well-judged acquisitions.

Gene Murtagh Investments

1 Investments

Gene Murtagh has made 1 investments. Their latest investment was in No-H2O as part of their Angel on November 11, 2017.

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Gene Murtagh Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/11/2017

Angel

No-H2O

Yes

1

Date

11/11/2017

Round

Angel

Company

No-H2O

Amount

New?

Yes

Co-Investors

Sources

1

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