SIG (SHI)

Sector:

Support

Index:

FTSE Small Cap

 50.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.55
  • 52 Week Low: 28.76
  • Currency: UK Pounds
  • Shares Issued: 1,181.56m
  • Volume: 0
  • Market Cap: £590.78m
  • RiskGrade: 250
  • Beta: 1.53

SIG experiences 'strong revenue growth' in H1

By Iain Gilbert

Date: Wednesday 14 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Insulation and roofing products supplier SIG said on Wednesday that it had witnessed "strong revenue growth" in the six months ended 30 June, leading to a better than previously expected interim underlying operating profit.
SIG stated first-half revenues were "strong", with like-for-like growth of 33% when compared to the Covid-affected previous year and up 1% against 2019.

As a result, SIG now expects to report interim revenues from underlying operations of roughly £1.11bn and an underlying operating profit of approximately £13.5m.

"Both include good progress in the UK, and we expect the UK business as a whole to be just over break-even at the underlying operating profit level for H1, ahead of plan," said SIG.

The London-listed group stated it had finished the period with net debt of £58.0m, on a pre-IFRS 16 basis, and with gross cash balances of £174.0m.

SIG said: "The return to profitability in H1 was faster and more significant than previously expected and we exited the first half with strong demand conditions and the benefits of the Return to Growth strategy coming through clearly.

"The effectiveness of our supply chain management and commercial agility give us confidence entering the second half, albeit we are mindful that the potential impact of material shortages could be more significant should the situation persist for an extended period. As such, we retain a cautious view of H2 at this stage."

As of 0855 BST, SIG shares were up 3.77% at 49.73p.

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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 50.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.55
52 Week Low 28.76
Volume 0
Shares Issued 1,181.56m
Market Cap £590.78m
Beta 1.53
RiskGrade 250

SIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.87% below the market average65.87% below the market average65.87% below the market average65.87% below the market average65.87% below the market average
42.57% below the sector average42.57% below the sector average42.57% below the sector average42.57% below the sector average42.57% below the sector average
Price Trend
32.46% below the market average32.46% below the market average32.46% below the market average32.46% below the market average32.46% below the market average
39.82% below the sector average39.82% below the sector average39.82% below the sector average39.82% below the sector average39.82% below the sector average
Income
49.83% below the market average49.83% below the market average49.83% below the market average49.83% below the market average49.83% below the market average
51.52% below the sector average51.52% below the sector average51.52% below the sector average51.52% below the sector average51.52% below the sector average
Growth
72.94% below the market average72.94% below the market average72.94% below the market average72.94% below the market average72.94% below the market average
69.81% below the sector average69.81% below the sector average69.81% below the sector average69.81% below the sector average69.81% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 5
Sell 0
Strong Sell 0
Total 7
buy
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 --2021

Time Volume / Share Price
0 @ 0.000p

SIG Key Personnel

Chair Andrew Allner
CEO Steve Francis

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