Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. SIG plc
  6. News
  7. Summary
    SHI   GB0008025412

SIG PLC

(SHI)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/27 11:35:25 am
49.9 GBX   -0.08%
10/22FTSE 100 Closed Up as It Shrugs off the Week's Negative Sentiment
DJ
10/22Gains for Miners Lift FTSE 100
DJ
10/22Sterling Pares Losses After UK PMI Data
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SIG : Britain's SIG eyes strong earnings but supply snags to persist

09/21/2021 | 03:22am EDT

* Says July-Aug trading remained solid

* SIG shares up 1.2% in morning trade

* Kingfisher too flags supply chain disruptions

Sept 21 (Reuters) - Building materials supplier SIG on Tuesday predicted its annual earnings would top expectations but joined other British companies in warning that severe supply constraints will likely persist for several months.

SIG, which sells roofing and insulation materials in Britain and a handful of European countries, said trading was "solid" during July-August despite the supply disruptions, which are being worsened by a shortage of truck drivers.

The Sheffield-based company said it expected full-year underlying operating profit above prior expectations, provided current supply constraints do not worsen.

Shares in SIG were 1.6% higher at 50.65 pence by 0835 GMT on the London Stock Exchange.

Analysts at Jefferies raised their estimates for SIG's 2021 profit to 32 million pounds ($43.8 million) from 25 million, predicting stronger profit margins from France and Germany. SIG had reported a loss of 43.2 million pounds in 2020.

Globally, businesses across industries have been hit by supply bottlenecks at ports and warehouses and a raft of companies in Britain have said the issues are leading to higher costs and could weigh on earnings.

Home improvement retailer Kingfisher warned on Tuesday its suppliers were challenged by high order levels, and flagged supply issues at its building materials and outdoor ranges businesses.

SIG posted an underlying operating profit of 13.6 million pounds for the six months ended June 30, compared with a loss a year earlier.

($1 = 0.7309 pounds) (Reporting by Aby Jose Koilparambil and Sachin Ravikumar in Bengaluru; editing by Uttaresh.V, Rashmi Aich and David Evans)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KINGFISHER PLC -1.77% 338 Delayed Quote.27.26%
SIG PLC -0.08% 49.9 Delayed Quote.58.64%
All news about SIG PLC
10/22FTSE 100 Closed Up as It Shrugs off the Week's Negative Sentiment
DJ
10/22Gains for Miners Lift FTSE 100
DJ
10/22Sterling Pares Losses After UK PMI Data
DJ
10/22SIG : Expects FY21 Underlying Operating Profit To Beat Estimates As Q3 Sales Grow
MT
10/22Sig plc Announces Group Sales Results for the Third Quarter of Its Financial Year Endin..
CI
10/22Sig plc Provides Earnings Guidance for the Full Year 2021
CI
09/21FTSE 100 Roars Back on Tuesday, Driven by M&A Prospects
DJ
09/21Miners' FTSE 100 Top Spot Isn't Expected to Last
DJ
09/21SIG : Posts Narrowed H1 Loss Amid Sales Improvement
MT
09/21FTSE Rises, Stagecoach Shares Motor Ahead on Takeover Talk News
DJ
More news
Analyst Recommendations on SIG PLC
More recommendations
Financials
Sales 2021 2 189 M 3 007 M 3 007 M
Net income 2021 - - -
Net Debt 2021 307 M 422 M 422 M
P/E ratio 2021 -
Yield 2021 1,23%
Capitalization 590 M 809 M 810 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,38x
Nbr of Employees 6 500
Free-Float 56,9%
Chart SIG PLC
Duration : Period :
SIG plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIG PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 0,50 GBX
Average target price 61,83 GBX
Spread / Average Target 12 291%
EPS Revisions
Managers and Directors
Ian Ashton Chief Financial Officer
Andrew James Allner Non-Executive Chairman
Marc Touitou Group Chief Information Officer
Alan Charles Lovell Senior Independent Non-Executive Director
Gillian Dawn Celia Kent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SIG PLC58.64%813
FERGUSON PLC22.64%33 197
REECE LIMITED21.89%8 766
BOISE CASCADE COMPANY19.98%2 256
GMS INC.51.71%1 995
NORDIC WATERPROOFING HOLDING A/S54.57%705