An Irish Diary

All eyes on Dublin Tech Summit and rise in Kingspan profits

The major business events happening this week

Jonathan Reichental: one of the main speakers at Dublin Tech Summit. Photograph: Brenda Fitzsimons

Mon Feb 13 2017 - 12:38

Monday

Results: Teva Pharmaceutical.

Meetings: IWish Conference (RDS, Dublin 4).

Air France KLM: results out on Thursday

Indicators: Irish inflation rate (Jan); Irish construction PMI (Jan).

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Tuesday

Results: Credit Suisse; Heidelbergcement; HubSpot.

Indicators: Chinese inflation rate (Jan); Japanese industrial production (Dec); German inflation rate (Jan); UK retail price index (Jan); Euro zone industrial production (Dec); Euro zone ZEW economic sentiment Index (Feb).

Wednesday

Results: Avis Budget Group; Credit Agricole; Danone; Groupon; Ires Reit.

Meetings: Dublin Tech Summit (Convention Centre, Dublin 1); Young Businesswomen's Forum (Westbury Hotel, Dublin 2).

Indicators: Euro zone balance of trade (Dec); US inflation rate (Jan); US industrial production (Jan); US retail sales (Jan); UK unemployment rate (Dec).

Big names for Dublin Tech Summit

Dublin Tech Summit is aiming to attract up to 10,000 attendees to the Convention Centre in Dublin this Wednesday and Thursday.

Speakers at the two-day event will include Twitter EMEA vice-president Bruce Daisley, Movidius founder and CTO David Moloney, Blonde 2.0 founder Ayelet Noff, MongoDB chief marketing officer Meagen Eisenberg and the Smashing Pumpkins drummer Jimmy Chamberlin, who is involved in start-ups and digital media.

Adblock Plus chief executive Till Faida will talk about how empowered users equals more money for publishers, PayPal vice-president of global operations Louise Phelan will talk about the future of money, and City of Palo Alto CIO Jonathan Reichental will be speaking about the trillion dollar smart city opportunity.

“We’ve brought together thought-leaders to speak on the biggest trends in technology across the board: consumer data, cyber security, artificial intelligence, technological advances in medicine, digital currency, the crossroads of fashion and technology,” Dublin Tech Summit chief executive Noelle O’Reilly said.

“Every person and business is affected by technology and innovation – we wanted to acknowledge that with our line-up,” she added.

There will be eight different session streams, or stages, including the Internet of Things, fintech, big data and medtech.

Thursday

Results: Air France KLM; ICON; Shire; TripAdvisor.

Meetings: Dublin Tech Summit (Convention Centre, Dublin 1); Irish Sponsorship Summit (Croke Park Conference Centre, Dublin 3).

Indicators: US Philadelphia Fed manufacturing index (Feb); US housing starts (Jan); US initial jobless claims (Feb 11).

Friday

Results: Allianz; Kingspan; Moody's.

Indicators: UK retail sales (Jan); Euro zone current account (Dec).

Kingspan profits expected to rise by more than 30%

Kingspan, the high-performance insulation manufacturer, is due to report full year earnings for 2016 on Friday.

The company expects to deliver full-year trading profit of about €335 million – up by more than 30 per cent on 2015.

In a trading statement to the stock exchange last November, Kingspan said that sales in the nine months to September 30th were €2.27 billion, up 13 per cent on the same period in the prior year.

However, it said the weakening sterling against the euro “is impacting the translation of the group’s sterling denominated earnings”.

Cantor Fitzgerald said the market is expecting 36 per cent year-on-year growth in earnings per share to €1.43, primarily driven by strong underlying organic growth across its product range, but also helped by M&A activity during 2016.

“The group is a highly cash-generative business, with a strong balance sheet and experienced senior management team who has shown impressive capital allocation discipline in recent years,” Cantor Fitzgerald said.

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