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SIG racks-up another £21m loss
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Construction Enquirer
Building materials distribution giant SIG made a pre-tax loss of £21.6m in the six months to June 30 2026.
It was an improvement on last time when losses were £33.1m as turnover dipped to £1.29bn from £1.3bn.
SIG bosses are braced for tough market conditions to continue this year “and possibly throughout 2027.”
For FY 2026 we are expecting to deliver c.£25m of operating profit whilst improving the Group’s net debt position in the second half.
“The markets are not anticipated to recover during the remainder of 2026 and possibly throughout 2027.