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SIG’s woes continue

Even before the Covid-19 outbreak, the building products distributor saw an a £9m operating loss in the first two months of 2020
March 26, 2020

SIG (SHI) has reiterated that underlying pre-tax profit for 2019 will meet its revised £42m guidance. This would be over two-fifths lower than the total from 2018. The building products supplier suffered amid the UK’s construction slowdown last year, as well as battling operational challenges, and its troubles have continued in 2020. Like-for-like sales in the first two months of this year fell 11 per cent and it has registered a £9m operating loss.

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