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SIG PLC (SHI)

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Friday 17 December, 2021

SIG PLC

Trading Update

RNS Number : 9587V
SIG PLC
17 December 2021
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

 

17 December 2021       

 

SIG plc: Continued strong trading

 

SIG plc ("the Group" or "the Company") today issues a trading update ahead of the close of its financial year ending 31 December 2021 and confirms its year-end reporting dates.

 

Trading update and outlook

Further to the Q3 update provided on 22 October 2021, the Board is pleased to report that the Group has continued to trade well in Q4, and ahead of expectations. This has increased visibility and confidence in the full year underlying1 operating profit outturn, which is now expected to be ahead of prior expectations and no less than £40m.

 

Full year reporting dates

The Company will issue a full year trading update for the financial year ending 31 December 2021 on 11 January 2022, and will publish its full year results on 11 March 2022.

 

 

1.  Underlying represents the results before Other items. Other items relate to the amortisation of acquired intangibles, impairment charges, profits and losses on agreed sale or closure of non-core businesses and associated impairment charges, net operating profits and losses attributable to businesses identified as non-core, net restructuring costs, and other non-underlying profits or losses.

 

 

Contacts

 

SIG plc

 

+44 (0) 114 285 6300

Steve Francis

Chief Executive Officer

 

Ian Ashton

Chief Financial Officer

 

 

 

 

FTI Consulting

 

+44 (0) 20 3727 1340

Richard Mountain

 

 

 

 

 

Peel Hunt LLP - Joint broker to SIG

+44 (0) 20 7418 8900

Mike Bell / Charles Batten

 

 

 

 

Jefferies International Limited - Joint broker to SIG

+44 (0) 20 7029 8000

Ed Matthews / Will Soutar

 

 

       

 

 

The person responsible for arranging the release of this announcement on behalf of the Company is Andrew Watkins, Group General Counsel and Company Secretary.

 

 

Cautionary Statement

 

This announcement does not constitute an offer of securities by SIG plc. This announcement may include statements that are, or may be deemed to be, forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Group's ability to control or predict. Forward-looking statements are not guarantees of future performance. You are advised to read the section headed 'Principal risks and uncertainties' in the Group's Annual Report and Accounts for the year ended 31 December 2020 for a further discussion of the factors that could affect its future performance and the industry in which it operates.  Other than in accordance with its legal or regulatory obligations, SIG plc does not accept any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

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