SIG PLC
10 May 2006
AGM Trading Statement
10 May 2006
SIG plc, the leading supplier of insulation, roofing, commercial interiors and
specialist products to the construction and building industries, is holding its
Annual General Meeting today, 10 May 2006.
David Williams, Group Chief Executive, will be making the following statement
concerning trading.
'Trading in the first four months has been positive, with like for like growth
in sales in all three geographic regions in which SIG has trading operations,
the UK and Ireland, Mainland Europe and the USA. Market conditions have been
broadly as anticipated at our 2005 preliminary results announcement on 9 March
2006.
In the UK and Ireland, progress has been made in insulation, commercial
interiors and specialist construction. In roofing, the reduction in market
demand which we reported in March has continued, making trading conditions
difficult in this product sector.
In Mainland Europe, continued progress has been made in France, Poland and
Benelux, but in Germany market conditions have not been helpful, with demand
still subdued.
In the USA, the strong momentum evident throughout 2005 has continued, driven by
increased demand for industrial insulation.
To date this year, we have completed 4 small bolt-on acquisitions, and these
together with additional brownfield branch openings have increased the branch
network by 10 since 1 January 2006, taking the total number to date to 506.
This encouraging start to the year gives the Board confidence that further
progress will be made. '
* Like for like is defined as the business excluding the impact of acquisitions
made since 1 January 2005. The number of working days in January to April 2006
was the same as the corresponding period in 2005.
Enquiries:
SIG plc 0114 285 6300
David Williams, Group Chief Executive
Gareth Davies, Finance Director
Finsbury 020 7251 3801
Faeth Birch
Gordon Simpson
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.