SIG Reports Flat Sales as Profits Grow

SIG plc reports flat sales for 2025 against a “challenging market” with sales of £2.6bn, and underlying profit up £7m on 2024, expected to be £32m for 2025.

The results reflect “continued strong commercial execution and productivity gains” says SIG.

The supplier of specialist insulation and building products across Europe, reduced its operating expenses by approximately £39m.

Its cost reduction and efficiency programmes are also strengthening the Group’s commercial and operational capability, the company says, which will help drive higher profitability as markets recover.

Operating expenses are expected to show an absolute reduction of around £20m on the previous year. Within this, restructuring initiatives delivered c£18m of savings.

Subdued demand has persisted across the Group’s markets throughout the year and softened further in the final months of the year in the UK, Germany and Ireland.

Given this demand backdrop pricing pressure has remained elevated, the company says. This led to a net 1% reduction in pricing in the year, despite modest increases in input costs across H1 and H2.

Subdued Demand

Demand in all markets remains well below historical levels, with European construction at a low point in the cycle and with longer than anticipated delays to the start of meaningful recovery.

Against this backdrop, SIG plc businesses continue to outperform and in almost all cases have taken share within their markets, the business adds.

The Insulation and Drylining business that forms the majority of SIG UK Interiors division had a particularly strong year in sales, growing 8% in H1, 3% in H2, for 5% across the full year.

In November, SIG removed the separate management structure that was supporting the UK Specialist Markets businesses, including the Performance Technology Group, Building Solutions and SIG Construction Accessories.

SIG says the change “will allow us to better exploit the opportunities in these smaller specialist businesses, including synergies across our own portfolio.” In December 2025, SIG closed Mayplas, as it “did not have the ability to deliver sustainable profitable growth in the future”, the company says.

Opportunities for Self Help

Pim Vervaat, the Group’s Chief Executive Officer, who joined SIG in October 2025, said: “In 2025 the Group delivered a robust trading performance in continued difficult market conditions. I have been impressed with the energy, commitment and knowledge of the many people I have met across the Group during my first 100 days.

“SIG is well positioned in markets that continue to have strong long-term growth drivers. The operating leverage benefits when markets return to growth will be significant, and further opportunities for self help have been identified, including through procurement. We will focus on optimising both the business performance and the business portfolio in order to create a best-in-class growth platform for building materials distribution in Europe.

“In 2026 we aim to deliver further financial and strategic progress, and I look forward to working with the Board and all the SIG management teams in driving substantial value over time.”

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