UK's SIG flags weaker-than-expected sales in 2026 on poor European weather (updated)

SIG

04/03/2026 08:26

Adds detail on outlook and 2025 results

March 4 (Reuters) - British building materials supplier SIG SHI.L 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)

 ((Neeshita.Beura@thomsonreuters.com))