SIG plc (GB:SHI) has released an update.
SIG plc, a leading European supplier of specialist building materials, has reported a like-for-like sales decline of approximately 7% in May and June, underperforming against expectations. The company anticipates a full year 2024 underlying operating profit between £20m-£30m, falling below current analyst predictions. Despite market challenges, notably in France and Germany, SIG is driving cost reductions and expects strategic initiatives to bolster profitability as conditions improve.
For further insights into GB:SHI stock, check out TipRanks’ Stock Analysis page.
