Monday, October 20, 2025

SIG holds steady amid weak construction demand

Construction materials supplier SIG reported stable trading in the third quarter of 2025 as weak market demand and pricing pressure continued across its core sectors.

For the three months to 30 September, group revenue was flat, with year-to-date growth up by one per cent. Full-year underlying operating profit is expected to remain around £31.6 million, consistent with market forecasts.

Like-for-like sales were unchanged from the same period last year, while underlying volumes rose by one per cent. The group cited a lack of recovery in construction activity across its key markets, with reduced pricing offsetting input cost inflation and leading to a one per cent decline in overall prices.

The UK interiors division led performance with sales of £135 million and five per cent like-for-like growth for the quarter. Roofing and specialist markets recorded no growth, although roofing achieved a three per cent rise, contributing £293 million in sales for the first nine months of the year.

Operational efficiency remains a central focus, supported by cost and working capital initiatives introduced in 2024. The company has also completed a leadership transition, with former Constantia Flexibles and RPC Group chief executive Pim Vervaat taking over from Gavin Slark at the beginning of October.

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