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Sparks commentary

Industrials

Sparks

SIG (LSE: SHI) – Commercial improvements in challenging market
Published by Andy Murphy

SIG continues to face a challenging market and is making progress to address cost and productivity issues. FY24 like-for-like revenue was down 4% at £2.6bn, but H2 showed progress verss H1 with a like-for-like decline of only 2% (vs -6% in H1). Restructuring and productivity initiatives contributed to a reduction in operating expenses of £31m, therefore underlying operating profit is expected to be in line with market expectations of £25m.

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