SIG plc, the Sheffield-based international building materials supplier, said on Friday demand in all its markets remains “well below historical levels” with European construction at a “low point in the cycle and with longer than anticipated delays to the start of meaningful recovery.”
In a trading update for the three months to September 30, 2025, the firm said: “Group like-for-like (LFL) revenue performance in Q3 was flat versus the prior year, with year-to-date growth remaining at 1% …
“Underlying operating profit outlook for the full year remains unchanged and in line with market expectations.”
Company collated analyst expectations for SIG is for full year 2025 underlying operating profit (EBIT) of £31.6 million, within a range of £30 million to £35 million.
In its trading update, the firm added: “Against this backdrop, our businesses continue to outperform and take share within their end markets.
“The UK Interiors business continued its strong outperformance, driving overall LFL growth in the UK despite the negative market backdrop.
“The French businesses’ LFL sales performances improved in Q3 relative to H1, with LFL declines easing to 2%. The German market weakened unexpectedly in Q3, reflected in a 5% LFL decline in our business.
“The Group continues to make good progress on its operational initiatives, including those to drive efficiencies in costs and working capital.
“Notably, the UK Interiors and Benelux businesses continue to benefit from the self-help programmes put in place last year, including the material cost actions taken in late 2024 and initiatives to drive improved top line performance.”
SIG’s new CEO Pim Vervaat said: “I have been impressed with the energy, commitment and knowledge of the many people I have met across the Group so far.
“I am also pleased to see the robust trading performance in continued difficult market circumstances, and the strong focus of the teams on managing both costs and working capital.
“I look forward to working with the Board and the management teams in driving substantial value over time, and to sharing my initial views early in 2026.”