SIG (SHI)

Sector:

Support

Index:

FTSE Small Cap

29.60p
   
  • Change Today:
    -0.25p
  • 52 Week High: 44.45
  • 52 Week Low: 27.10
  • Currency: UK Pounds
  • Shares Issued: 1,181.56m
  • Volume: 231,130
  • Market Cap: £349.74m
  • RiskGrade: 250

SIG returns to profit in H1, sees FY underlying profits beating prior expectations

By Iain Gilbert

Date: Tuesday 21 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Construction products supplier SIG said on Tuesday it had returned to profit in the first half of 2021 as like-for-like sales and gross margins improved throughout the period.
SIG said group like-for-like sales were up 33% on the prior year, and 1% on 2019, while interim gross margins of 25.9% were 100 basis points higher than at the same time in 2020.

As a result, interim underlying operating profits came to £13.6m, a marked turnaround from the £42.9m loss reported at the same time a year ago, while first-half underlying pre-tax profits were £3.0m, up from a loss of £53.8m in 2020.

SIG highlighted that the impact of material shortages and cost price inflation had been successfully managed to date and, with trading in July and August remaining "solid", strengthening the firm's confidence in its full-year outlook despite caution over said shortages and cost price inflation.

The London-listed firm expects continued profit improvement in the second half and now anticipates that full-year underlying operating profits will be ahead of prior expectations.

Chief executive Steve Francis said: "The strong revenue growth across our broad product offering, together with disciplined margin management, has been key to delivering an earlier and stronger profit than previously anticipated.

"As a result, providing the disruption from these headwinds does not worsen, we now anticipate full-year underlying operating profit will be ahead of our prior expectations."

As of 0915 BST, SIG shares were up 1.08% at 50.40p.

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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.

 

SIG Market Data

Currency UK Pounds
Share Price 29.60p
Change Today -0.25p
% Change -0.84 %
52 Week High 44.45
52 Week Low 27.10
Volume 231,130
Shares Issued 1,181.56m
Market Cap £349.74m
RiskGrade 250

SIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.29% below the market average70.29% below the market average70.29% below the market average70.29% below the market average70.29% below the market average
53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average
Price Trend
50.74% below the market average50.74% below the market average50.74% below the market average50.74% below the market average50.74% below the market average
58.42% below the sector average58.42% below the sector average58.42% below the sector average58.42% below the sector average58.42% below the sector average
Income
55.05% below the market average55.05% below the market average55.05% below the market average55.05% below the market average55.05% below the market average
66.15% below the sector average66.15% below the sector average66.15% below the sector average66.15% below the sector average66.15% below the sector average
Growth
0.43% below the market average0.43% below the market average0.43% below the market average0.43% below the market average0.43% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 3
Sell 3
Strong Sell 0
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SIG Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 06-Jun-19
Paid 08-Nov-19 05-Jul-19
Amount 1.25p 2.50p

Trades for 28-Mar-2024

Time Volume / Share Price
12:45 8,302 @ 29.59p
12:17 4,000 @ 29.61p
12:04 4,665 @ 29.61p
11:09 265 @ 29.60p
11:06 1,216 @ 29.60p

SIG Key Personnel

CEO Gavin Slark

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