SIG Losses Widen as Construction Slump Bites; Self-Help Plan Targets £100M Cash
SIG sits 33% above its 52-week low of $71.615.
Summary
SIG's H1 2026 underlying pre-tax loss widened to £16.3m from £10.3m, with revenue slipping to £1.29bn and like-for-like sales down 1.5%. Operating profit fell to £10.5m from £15.4m as weak construction demand, cost inflation, and pricing pressure took a toll. CEO Pim Vervaat warned markets may not recover until 2028 and unveiled an accelerated self-help plan targeting at least £100m in cash generation by end-2027 and a £50m operating profit improvement by mid-2028. The company expects to deliver around £25m in operating profit for the full year. Shares dropped 3.3% on the news.
At the time of this announcement, SIG was trading at $95.07 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.7B. The 52-week trading range was $71.62 to $110.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: ShareCast.