SIG PLC
04 May 2005
AGM TRADING STATEMENT
SIG plc, the leading supplier of specialist products to the construction and
building industry, is holding its Annual General Meeting today, 4 May 2005.
David Williams, Chief Executive, will be making the following statement
concerning trading:
'Trading to date in 2005 has been good with like for like* sales ahead of prior
year 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 broadly
in line with expectations as set out in our 2004 preliminary results
announcement on 8 March 2005.
Specific points of interest are the continued improvement in our UK premium
office business, further positive performance in the USA, the continuation of
depressed market conditions in Germany, and the positive impact of modest price
inflation.
So far this year we have completed 6 small bolt-on acquisitions (5 in the UK, 1
in France), and these together with additional Brownfield branch openings has
increased the branch network by 14 since the beginning of this year.
This very encouraging start to the year gives the Board confidence that the
Group will continue to make further progress.'
* Like for like is defined as the business excluding the impact of acquisitions
made since 1 January 2004.
Enquiries:
David Williams, Chief Executive
Gareth Davies, Finance Director SIG plc 0114 285 6300
Faeth Birch
Gordon Simpson Finsbury 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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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.
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