Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Building materials distribution conglomerate SIG wants to improve its operating profits to £50m by the second half of 2008. It plans to save £100m via a combination of business simplification, disposals, business improvement and working capital optimisation efficiency drive as the market continues to struggle.
In a trading update the company said: “Whilst trading in the first half improved sequentially, no material recovery in market conditions in H2 2026 is anticipated and, therefore, the Board now expects the FY 2026 underlying operating profit to be c. £25m. Liquidity levels are expected to remain healthy going forward and will benefit from the stronger seasonal cash generation profile in the second half.”
Group like-for-like sales declined in the first half by 1.5% versus the prior year
