tiprankstipranks
SIG plc Forecasts Lower 2024 Profits Amid Sales Dip
Company Announcements

SIG plc Forecasts Lower 2024 Profits Amid Sales Dip

SIG plc (GB:SHI) has released an update.

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks UK Auto-Generated NewsdeskSIG plc Completes Tender Offer for Senior Notes
TipRanks UK Auto-Generated NewsdeskSIG plc Strengthens Financial Position with New Bond Issue
TipRanks UK Auto-Generated NewsdeskSIG plc Proposes Debt Refinancing Strategy
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App