Overview of SIG's Sales Performance#
SIG plc, a supplier of insulation and building products in Europe, reported a 5% decline in like-for-like sales for the first quarter ending March 31, 2026. The company generated £614 million in sales, with volumes also down by 5% compared to the previous year. Overall revenues fell by 3%, although this was somewhat mitigated by factors like additional working days and favorable exchange rates.
Regional Performance Variations#
Sales performance varied significantly across different regions. The Benelux area experienced a notable 13% growth in like-for-like sales, while Ireland saw a 2% increase. In contrast, Poland's sales decreased by 3%, and the UK Roofing sector fell by 1%. Germany faced the largest decline at 10%, with UK Interiors dropping by 8% and French operations declining by 4-5%.
Future Outlook#
SIG indicated that trading conditions began to improve in March, with expectations of a 2-3% decline in like-for-like sales for March and April combined. The company is hopeful for better performance in the second half of 2026 as comparisons with the previous year become easier from May onward.
Financial Health and Cost Management#
The underlying operating profit for the first quarter was lower than the previous year due to the sales decline. SIG anticipates that profits for the first half of 2026 will be less than those in the same period in 2025, with a stronger performance expected in the latter half of the year. Cash flow during the quarter surpassed internal targets, and the company has a £90 million revolving credit facility that remains unused, indicating healthy liquidity for 2026. Additionally, rising oil and gas prices are expected to lead to higher input costs, which SIG plans to pass on to customers.
SIG will release its first-half results on August 4, 2026.