Thursday, May 1, 2025

SIG grows despite market headwinds, driven by UK and German strength

Building materials supplier SIG reported a 2% increase in like-for-like sales for the first quarter of 2025, reaching £636 million, outperforming wider market trends despite continued construction sector weakness across Europe.

Total revenue fell by 1% compared to the same period last year, largely due to fewer trading days, currency fluctuations, and the impact of branch closures over the past 12 months.

Demand remains well below historical levels in most markets, but the company has observed early signs of volume stabilisation. SIG attributes its relative strength to operational and commercial improvements, with the UK and Germany delivering the strongest results.

While construction demand across the UK and EU remains subdued, SIG’s performance suggests it is gaining market share and positioning itself to benefit from any future recovery.

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