Insulation and roofing materials specialist SIG (SHI) delivered an upbeat appraisal of first-half trading, and now expects underlying pre-tax profits for the first half to be up from £33.6m a year earlier to £40m.
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Group sales rose by 6.5 per cent to around £1.28bn, although this against some weak comparatives, with bad weather badly affecting sales last year. Even so, like-for-like sales in the UK and Ireland grew by 11.5 per cent, and even managed a 2.1 per cent increase in the relatively weak French market. Sales in Germany rose by 5.1 per cent. SIG also remains on target to deliver up to £5m of cost synergies this year.
