Sheffield's SIG has reported a bumper first half in which underlying operating profit has risen to £42.5m, more than treble that of the same time last year.
Investors in the building products supplier were told its two-year investment strategy to turnaround what had been a loss making firm was working ahead of schedule. It said growth had been delivered across operations in France, Poland, Ireland and the UK, with turnaround well underway" in Germany.
During the period revenue grew 22.6% to £1.3bn, helping in part by £120m of additional revenue delivered by three acquisitions in the past 18 months - Penlaw, F30, and Miers. SIG said its business benefited from the combination of high price volatility and solid demand, both of which it expected to continue throughout this year.
