29th Apr 2022 11:31
SIG PLC - Sheffield-based supplier of insulation, roofing, commercial interiors and construction products - Posts strong start in 2022 and expects significantly better performance in the full-year. In the first quarter ended March 31, sales climb by 25% to GBP641 million on a like-for-like basis compared to a year ago. Sales in the UK increased by 23% and by 27% in the EU. Underlying operating margin is set to reach 3% during the year. SIG also expects a positive free cash flow.
In 2021, SIG narrowed its pretax loss to GBP15.9 million from GBP194.6 million a year ago.
Current stock price: 41.35 pence, up 13% on Friday
12-month change: down 16%
By Tom Budszus; [email protected]
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