SIG plc (GB:SHI) has released an update.
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SIG plc, a key player in the specialist insulation and building products sector in Europe, reports a 6% decline in like-for-like sales during the initial months of 2024, amid persistent market challenges. Despite these tough conditions, the company’s strategic initiatives are successfully driving cost savings and productivity improvements, enabling them to maintain an unchanged profit outlook for the full year, with expectations of stronger performance in the second half. CEO Gavin Slark remains optimistic about the company’s ability to navigate the current economic climate and emerge stronger as markets eventually recover.
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