4th May 2005 07:00
SIG PLC04 May 2005 AGM TRADING STATEMENT SIG plc, the leading supplier of specialist products to the construction andbuilding industry, is holding its Annual General Meeting today, 4 May 2005. David Williams, Chief Executive, will be making the following statementconcerning trading: "Trading to date in 2005 has been good with like for like* sales ahead of prioryear in each of our three operating regions, UK and Republic of Ireland,Mainland Europe and the USA and in each of the Group's main product sectors,specifically Insulation, Roofing and Commercial Interiors. Market conditions across each of the geographic trading areas have been broadlyin line with expectations as set out in our 2004 preliminary resultsannouncement on 8 March 2005. Specific points of interest are the continued improvement in our UK premiumoffice business, further positive performance in the USA, the continuation ofdepressed market conditions in Germany, and the positive impact of modest priceinflation. So far this year we have completed 6 small bolt-on acquisitions (5 in the UK, 1in France), and these together with additional Brownfield branch openings hasincreased the branch network by 14 since the beginning of this year. This very encouraging start to the year gives the Board confidence that theGroup will continue to make further progress." * Like for like is defined as the business excluding the impact of acquisitionsmade since 1 January 2004. Enquiries: David Williams, Chief ExecutiveGareth Davies, Finance Director SIG plc 0114 285 6300 Faeth BirchGordon Simpson Finsbury 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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