Finance
UK's SIG flags weaker-than-expected sales in 2026 on poor European weather
Published by Global Banking & Finance Review®
Posted on March 4, 2026
1 min readLast updated: March 4, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 4, 2026
1 min readLast updated: March 4, 2026
SIG plc flagged weaker-than-expected like‑for‑like sales in January–February 2026 due to poor weather across Europe, deepening the impact of already soft market conditions amid wider losses for 2025.
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.
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.
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.
($1 = 0.7492 pounds)
(Reporting by Neeshita Beura and Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
SIG reported weaker sales for early 2026 due to poor weather conditions across Europe affecting construction activity.
SIG reported an underlying pretax loss of 20 million pounds for 2025, up from 14.3 million pounds in the previous year.
SIG expects market conditions to remain soft in 2026, with little chance of recovery until later in the year.
High inflation, economic uncertainty, and persistent weak construction activity in Europe contributed to SIG's losses.
SIG supplies insulation and roofing materials to the construction industry.
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