March 4 (Reuters) - British building materials supplier SIG said like-for-like sales for the first two months of 2026 have been weaker than expected due to poor weather across Europe, compounding
SIG Flags Weaker-than-Expected 2026 Sales Citing Poor European Weather
Financial Performance and Market Outlook
Weaker Sales in Early 2026
March 4 (Reuters) - British building materials supplier SIG said like-for-like sales for the first two months of 2026 have been weaker than expected due to poor weather across Europe, compounding challenges for the company that reported wider losses for 2025 on Wednesday.
Market Conditions and Recovery Prospects
The company, which supplies insulation and roofing to the construction industry, said it expected market conditions to remain soft in 2026 with dim chances of recovery until the second half of the year.
2025 Financial Results
Underlying Pretax Loss
SIG reported underlying pretax loss of 20 million pounds ($26.7 million) for the year ended December 31, compared with a loss of 14.3 million pounds in the prior year, as weakness persisted across Europe as high inflation and broader economic uncertainty dampened construction activity.
Currency Exchange Rate
($1 = 0.7492 pounds)
Reporting and Editorial Credits
(Reporting by Neeshita Beura and Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
