Half Year Results 

SIG getting its house in order

SIG getting its house in order

SIG’s (SHI) results for the six months to June 2017 paint a picture of management engaged in the often thankless task of putting its house in order. Reported profit, earnings and the dividend may be down, but the building products distributor managed to cut £93.4m from net debt, bringing leverage down to 1.6 times cash profit, from 2.1 times at the same point last year. Chief executive Meinie Oldersma said this will continue to be a focus until it reaches the target range of 1-1.5 times, which it hopes to achieve during 2018.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now