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SIG (LSE: SHI) – FY24 results in line; outlook H2 biased

SIG confirmed FY24 revenue of £2.6bn (FY23: £2.8bn) and operating profit of £25.1m (FY23: £53.1m), in line with January’s FY24 trading update. Although full-year like-for-like revenue declined by 4% at the group level, the contraction improved in H2 to -2% from -6% in H1, largely driven by improvements in the UK divisions, French Roofing, Benelux and Ireland. So far in FY25, like-for-like growth is flat and, to achieve the targeted medium-term operating margin of 5%, SIG will look for market recovery which appears to be H2 biased at best.

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Healthcare | Comment

05.03.25

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