Insulation and building products firm SIG issues a profit warning, citing weaker-than-expected trading in May and June, lowers full-year underlining operating profits estimate to £20m-£30m.

Insulation and building products firm SIG issues a profit warning, citing weaker-than-expected trading in May and June. Full-year underlining operating profits for 2024 now expected to be between £20m-£30m, down from previous estimates due to subdued demand, particularly in France and Germany. Despite the challenging first half, SIG anticipates a stronger second half performance with market recovery.

June 24, 2024
3 Articles