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SIG PLC (SHI.L)

SHI.L on London Stock Exchange

145.30GBp
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

SIG ‍Says Non-Executive Director Chris Geoghegan Retired From Board​
Friday, 9 Mar 2018 02:01am EST 

March 9 (Reuters) - SIG Plc ::‍CHRIS GEOGHEGAN, A NON-EXECUTIVE DIRECTOR AND SENIOR INDEPENDENT DIRECTOR OF COMPANY, HAS TODAY RETIRED FROM BOARD​.MEL EWELL, A NON-EXECUTIVE DIRECTOR OF COMPANY, HAS REPLACED MR GEOGHEGAN AS ITS SENIOR INDEPENDENT DIRECTOR..MR EWELL WILL ALSO RETIRE FROM BOARD, ONCE A NEW NON-EXECUTIVE DIRECTOR HAS BEEN IDENTIFIED AND APPOINTED.  Full Article

SIG Posts FY Underlying Pretax Profit Of 79.2 Million Stg
Friday, 9 Mar 2018 02:01am EST 

March 9 (Reuters) - Sig Plc ::FY UNDERLYING PRETAX PROFIT 79.2 MILLION STG VERSUS 75.9 MILLION STG YEAR AGO.FINAL DIVIDEND 2.5 PENCE PER SHARE.FY REVENUE ROSE 1.2 PERCENT TO 2.878 BILLION STG.FY UNDERLYING PROFIT BEFORE TAX FROM UNDERLYING OPERATIONS ‍79.2​ MILLION STG VERSUS 75.9 MILLION STG AS REPORTED YEAR AGO.FY ‍ROCE IMPROVED TO 10.3% (2016: 10.2%)​.FY ‍NET DEBT OF £223.8M VERSUS £279.7M​ YEAR AGO.  Full Article

SIG To Sell Trade And Assets Of SIG Building Systems
Wednesday, 28 Feb 2018 02:01am EST 

Feb 28 (Reuters) - Sig Plc ::DISPOSAL OF SIG BUILDING SYSTEMS.HAS AGREED TERMS TO SELL TRADE AND ASSETS OF SIG BUILDING SYSTEMS.SALE TO TO URBAN SPLASH MODULAR LIMITED ("URBAN SPLASH"), A RESIDENTIAL HOUSING DEVELOPER SPECIALISING IN UK REGENERATION PROJECTS.DIVESTMENT IS PART OF ONGOING MANAGEMENT OF GROUP'S PORTFOLIO AND IS IN LINE WITH GROUP STRATEGY.CONSIDERATION FOR BUILDING SYSTEMS IS A NOMINAL £1.WILL INCUR CASH COSTS OF £4.9M OVER PERIOD TO 31 MARCH 2020.  Full Article

SIG Plc says group like-for-like revenues for 2017 were ahead by 4.0 pct
Tuesday, 9 Jan 2018 02:00am EST 

Jan 9 (Reuters) - SIG Plc ::TRADING UPDATE AND CHAIR OF REMUNERATION COMMITTEE.GROUP REVENUE FROM CONTINUING OPERATIONS FOR 2017 INCREASED BY 7.5% TO C. £2.8BN.GROUP LIKE-FOR- LIKE ("LFL") REVENUES FOR 2017 WERE AHEAD BY 4.0%, IN LINE WITH OUR EXPECTATIONS.TRADING CONDITIONS IN CONSTRUCTION MARKETS ACROSS MAINLAND EUROPE CONTINUED TO SHOW SIGNS OF IMPROVEMENT.IMPROVEMENT IN CONFIDENCE IN MAINLAND EUROPEAN MARKETS CONTINUES TO MITIGATE A WEAKER SECOND HALF MARGIN PERFORMANCE IN UK.OVERALL EXPECTATIONS FOR UNDERLYING PROFITABILITY FOR FULL YEAR REMAIN UNCHANGED.LFL REVENUES WERE UP BY 2.1% IN UK & IRELAND DURING 2017.HAS INITIATED A RIGOROUS REVIEW OF CONTROLS AROUND CHEQUE ISSUANCE AND WILL PROVIDE A FURTHER UPDATE AT TIME OF ITS FULL YEAR RESULTS.CONTINUES TO TARGET A 1.0-1.5X LEVERAGE RANGE DURING 2018 AND IS AIMING TO MAINTAIN LEVERAGE BELOW 1.0X OVER MEDIUM TERM.IS ANTICIPATING HEADLINE FINANCIAL LEVERAGE OF C.1.9X AT 31 DECEMBER 2017.  Full Article

SIG ‍Plc appoints Andrew Allner as a non-executive director and chairman
Wednesday, 11 Oct 2017 02:00am EDT 

Oct 11 (Reuters) - SIG Plc :‍ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.NAMED ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.  Full Article

SIG says expectations for full year unchanged
Tuesday, 8 Aug 2017 02:00am EDT 

Aug 8 (Reuters) - SIG Plc :NET DEBT AT 30 JUNE 2017 WAS 166.5 MILLION STG .H1 OPERATING PROFIT 45.7 MILLION STG VERSUS 54.3 MILLION STG YEAR AGO .H1 UNDERLYING PRETAX PROFIT FELL 20 PERCENT TO 38.3 MILLION STG.H1 REVENUE ROSE 4.7 PERCENT TO 1.439 BILLION STG.INTERIM DIVIDEND 1.25 PENCE PER SHARE.NET DEBT AT 30 JUNE 2017 WAS 166.5 MILLION STG.EXPECTATIONS UNCHANGED FOR FULL YEAR.  Full Article

SIG says trading in first half was in line with expectations
Wednesday, 5 Jul 2017 02:00am EDT 

July 5 (Reuters) - SIG Plc ::Trading in first half of year was in line with expectations.HY group revenues from continuing operations increased by 8.1% to 1,417 mln stg.Expects H1 2017 performance to be lower than that achieved in H1 2016 and comparable with H2 2016.HY like-for-like revenue growth showed a marked improvement on H2 2016.For full year 2017 board expects business to show stronger second half.Expects its net debt at 30 June 2017 to be lower than at 31 December 2016 (259.9 mln stg).Improved level of net debt should result in lower seasonal peak in HY leverage and facilitate reduction in leverage in H2 2017, towards target of 1.0 - 1.5x in 2018.  Full Article

SIG sees decline of leverage in H2 2017
Thursday, 11 May 2017 02:36am EDT 

May 11 (Reuters) - SIG Plc ::Trading statement.Group revenues from continuing operations increased 6.5% in period.Currency contributed 5.0 pct to growth in period.Group like-for-like ("LFL") revenues were ahead by 1.4 pct, in line with expectations in period.SIG expects leverage to decline in second half of 2017.Group is targeting leverage to return to its 1.0 - 1.5x range in 2018.Expects its H1 2017 performance to be lower than that achieved in H1 2016, and to be comparable with H2 2016.For full year 2017 board expects business to show a stronger second half, as is usual.Increased supplier price inflation is being seen and there exists political uncertainty in some of SIG's major countries of operation.  Full Article

SIG says Meinie Oldersma to start as CEO on April 3
Wednesday, 29 Mar 2017 02:14am EDT 

SIG : Further to the announcement made on 14 March 2017, SIG confirms that Meinie Oldersma will join SIG on 3 April 2017 and will be appointed a Director of the board and Group Chief Executive with effect from that date. . Mel Ewell, currently Interim Group Chief Executive, will continue to serve as an Executive Director for a handover period following Oldersma's appointment, until 30 April 2017. . With effect from 1 May 2017, Ewell will resume his Non-Executive Director duties. . Leslie Van de Walle, Chairman, has informed the Board of his intention to step down as Chairman and retire as a Director of the Board once a successor has been identified and once Oldersma is established in role. .In order to ensure an orderly succession process, a search and selection process for a new Chairman will now commence..  Full Article

SIG posts FY revenue 2.845 billion stg
Tuesday, 14 Mar 2017 03:27am EDT 

SIG Plc : FY underlying pretax profit 77.5 million stg . Fy revenue rose 10.9 percent to 2.845 billion stg . Final dividend 1.83 penceper share . FY revenue of 2,739.8 million stg versus 2,566.4 million stg year ago . FY underlying operating profit from continuing operations of 91.3 million stg versus 98.7 million stg year ago . FY underlying loss before tax of 106.3 million stg versus profit of 51.3 million stg year ago . We are disappointed with overall financial performance of group in 2016 - CEO . Since Nov we have slowed or stopped a number of internal initiatives, which will allow our team to refocus on customers and sales growth - CEO . Leverage reduction is a key short-term priority, identified a number of actions to strengthen balance sheet, including rebasing of our dividend - CEO . Trading in first two months of 2017 has been in line with board's expectations - CEO .Markets remain competitive and we are experiencing some supplier price inflation - CEO.  Full Article

UPDATE 1-Britain's SIG full-year profit rises as restructuring takes shape

March 9 SIG Plc on Friday posted a 4.3 percent rise in full-year pretax profit, helped by strong demand in Europe amid a restructuring turnaround in several of its businesses.