Log in
E-mail
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

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SIG plc    SHI   GB0008025412

SIG PLC

(SHI)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 10/26 09:46:07 am
26.3 GBX   -0.30%
09/24SIG : posts loss on virus hit, lifts 2020 revenue view
RE
06/25SIG : General Meeting – Record Date Clarification
PU
06/22SIG PLC : RIGHTS ISSUE: 1 new share @ 0.3 GBP for 4 existing shares
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

SIG : posts loss on virus hit, lifts 2020 revenue view

share with twitter share with LinkedIn share with facebook
09/24/2020 | 04:12am EDT

SIG Plc reported a first-half loss of 53.7 million pounds on Thursday due to the coronavirus hit to construction activity, but the building materials supplier said its 2020 revenue would fall lesser than previously feared.

The Sheffield, UK-based company, which in May expected 2020 revenues to be about 500 million pounds lower than 2019, said the underlying pretax loss for the six months to June 30 compares with a profit of 17.4 million pounds in the year-ago period.

In May, SIG Chief Executive Officer Steve Francis, who took the helm earlier this year, had laid out a new strategy for the business, focusing on sales and reviving margins as the British firm looks to put past troubles with financial forecasts behind it.

"In the short term, significant economic uncertainty remains in all of our markets, although government stimulus for the construction sector, notably in the UK, is welcome," Francis said in a statement on Thursday.

The London-listed company, which supplies roofing and insulation materials to the residential, non-residential as well as renovation, maintenance, improvement markets, said it will incur losses in the second half of the year as well, but at a lower rate than the first half.

Revenue for the reported period fell about 24% to 817.7 million pounds.

Under Francis' leadership, the company also raised 165 million pounds in new equity in July, including an investment by Clayton, Dubilier & Rice (CD&R) in a deal that would see the U.S. buyout firm hold a 25% stake in the company.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)


share with twitter share with LinkedIn share with facebook
All news about SIG PLC
09/24SIG : posts loss on virus hit, lifts 2020 revenue view
RE
06/25SIG : General Meeting – Record Date Clarification
PU
06/22SIG PLC : RIGHTS ISSUE: 1 new share @ 0.3 GBP for 4 existing shares
FA
06/19SIG : Successful Completion of Bookbuilding Process
PU
06/19SIG : Proposed Capital Raise of £165 million
PU
06/05SIG : Annual Financial Report
PU
05/29UK stocks end lower on Sino-U.S. tensions, but mark monthly gains
RE
05/29SIG to take on CD&R as investor via 150 million sterling equity raising
RE
05/29SIG : Full Year 2019 Results
PU
05/27SIG : Full Year 2019 Results Publication Date
PU
More news
Financials
Sales 2020 1 738 M 2 266 M 2 266 M
Net income 2020 -109 M -142 M -142 M
Net Debt 2020 265 M 346 M 346 M
P/E ratio 2020 -1,76x
Yield 2020 1,52%
Capitalization 312 M 407 M 406 M
EV / Sales 2020 0,33x
EV / Sales 2021 0,32x
Nbr of Employees 6 452
Free-Float 99,0%
Chart SIG PLC
Duration : Period :
SIG plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIG PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 35,83 GBX
Last Close Price 26,38 GBX
Spread / Highest target 279%
Spread / Average Target 35,8%
Spread / Lowest Target -35,6%
EPS Revisions
Managers
NameTitle
Stephen Ronald William Francis Chief Executive Officer & Director
Andrew James Allner Non-Executive Chairman
Ian Ashton Chief Financial Officer
Marc Touitou Group Chief Information Officer
Ian Barnet Duncan Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SIG PLC-78.55%407
FERGUSON PLC17.84%23 547
REECE LIMITED25.92%6 629
BEACON ROOFING SUPPLY, INC.11.10%2 447
GMS INC.-8.09%1 064
FOUNDATION BUILDING MATERIALS, INC.-15.66%705