Price rises help SIG improve in UK

SIG plc has issued a trading update for the first half of 2017 saying it improved performance in the UK as it successfully passed on increased supplier price inflation to customers.  However, the company warned that increased political and macro uncertainty in the UK could impact on performance for 2017.

Trading in the first half of the year was in line with expectations. Group revenues from continuing operations increased by 8.1% to c.£1,417m, with currency contributing 5.3% to growth and acquisitions 0.5%.

In Mainland Europe Like for Like sales increased 4.2% as the Group continued to benefit from the recovery in construction markets, particularly in France.

The Group will announce its Half Year results on Tuesday 8 August 2017.