SIG: Revenue drops as housing supplier warns of continued weak demand Business Housing supplier SIG has reported another drop in revenue after soft demand for interiors continued to bite. Group like-for-like revenue saw a sequential improvement but still dropped by four per cent in the three months to 20 September, after a seven per cent decline in the first half of the year. SIG said that weak [...]
Sig profit plummets as cracks show in European flooring market Property Sig said its performance reflected "challenging conditions" in the UK Interiors market, where it designs anything from ceilings to raised access flooring.
SIG issues profit warning owing to weaker than expected demand Business SIG warned investors on Monday that profit for the 2024 financial year will come in below expectations as market conditions have not improved in line with expectations.
Revenue and sales down at SIG ahead of annual meeting May 2, 2024 Construction supplier SIG has pointed to "challenging market conditions" as being the reason behind a further fall in sales and revenue in the year to April 30.
SIG confirms £150m raise plans as firm swings to loss May 29, 2020 Building products supplier SIG this morning confirmed plans to raise £150m from a share issue after the firm swung to a loss in 2019. The company said that investment firm Clayton, Dubilier and Rice (CDR) had agreed to invest £85m into SIG, and would take two board seats as a result. The announcement initially prompted [...]
SIG shares plunge on yet another profit warning January 9, 2020 Building materials supplier SIG warned of a sharp fall in 2019 profit this morning, amid weak European construction markets and delays in its turnaround efforts taking effect. The company’s shares fell 20 per cent in early trading after it also said sales rates deteriorated towards the end of the year. Read more: Building materials group [...]
Like a brick: SIG shares drop as profit warning sends ripples through construction industry October 7, 2019 Building materials firm SIG shares tumbled 15 per cent this morning as it warned profits would be “significantly lower” than last year, amid languishing construction markets in the UK and Germany. SIG’s warning set alarm bells ringing across the industry as it said a “deterioration in trading conditions” had worsened in recent weeks. Read more: [...]
SIG expects profit to increase on British residential construction January 9, 2014 BUILDING materials supplier SIG has said it expects full-year underlying pre-tax profit to be no less than £85.8m, helped by cost cuts and a recovery in the British residential construction market. SIG, which supplies insulation products, materials for roofs, and interior fittings, said it expected construction activity in the UK residential market to remain buoyant, [...]