Sigmaroc (SRC)

Sector:

Construction and Building Materials

Index:

FTSE AIM 50

69.00p
   
  • Change Today:
      0.70p
  • 52 Week High: 70.40
  • 52 Week Low: 45.00
  • Currency: UK Pounds
  • Shares Issued: 1,114.85m
  • Volume: 2,267,222
  • Market Cap: £769.25m
  • RiskGrade: 161

SigmaRoc delivers 'solid' Q1 performance

By Iain Gilbert

Date: Friday 12 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Limestone group SigmaRoc said on Friday that it had delivered a "solid Q1 performance", with underlying earnings in line with management expectations.
SigmaRoc said volumes were 1% ahead of budget, contributing to revenue of £214.0m for the quarter, and noted that with tight control of costs in the period, it had achieved continued margin improvement, resulting in underlying EBITDA in line with guidance.

The AIM-listed group stated that while there was "no major change to underlying economic conditions", with some markets performing well, and others still experiencing some softness in demand, its diversified position put it in "a strong position".

As a result, SigmaRoc remains confident in its ability to make further progress in the current year and beyond, with its outlook for FY24 unchanged.

Chief executive Max Vermorken said: "I reported at the time of our final results that the first two months of the year had started well, and I am pleased to say that this trend has continued in March with trading remaining in line with our expectations.

"The integration of our initial lime acquisitions is continuing well. We recently completed the UK acquisition, and we are now focussed on integrating all the acquired businesses, delivering on synergies and further strategic initiatives, and progressing to take control of the Polish assets that are the final part of this transformational deal."

As of 1000 BST, SigmaRoc shares were up 1.72% at 64.90p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sigmaroc Market Data

Currency UK Pounds
Share Price 69.00p
Change Today 0.70p
% Change 1.02 %
52 Week High 70.40
52 Week Low 45.00
Volume 2,267,222
Shares Issued 1,114.85m
Market Cap £769.25m
RiskGrade 161

Sigmaroc Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.77% above the market average87.77% above the market average87.77% above the market average87.77% above the market average87.77% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Price Trend
58.71% above the market average58.71% above the market average58.71% above the market average58.71% above the market average58.71% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income Not Available
Growth
69.02% above the market average69.02% above the market average69.02% above the market average69.02% above the market average69.02% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sigmaroc Dividends

No dividends found

Trades for 19-Jul-2024

Time Volume / Share Price
17:11 90,063 @ 68.37p
17:14 90,063 @ 68.37p
16:13 100,000 @ 68.66p
16:35 98,235 @ 69.00p
16:35 20,017 @ 69.00p

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