SHI, Trading Improves in October........

lse:shi

#1

SHI SIG PLC (building, Insulation)

SHI SIG PLC, Trading improved in October and a Markets Day today. Company have slashed costs.

http://www.investegate.co.uk/sig-plc--shi-/rns/capital-markets-day-and-october-trading/201511160700067486F/


#2

REG ? SIG PLC ? Capital Markets Day and October Trading
16-11-2015 07:00
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RNS Number : 7486F
SIG PLC
16 November 2015

16 November 2015

SIG plc

Capital Markets Day and October Trading

SIG plc (“SIG” or “the Group”), a leading distributor of specialist building
products in Europe, is hosting a Capital Markets Day in London today at
2.30pm.

The key themes of the day are the reshaping of SIG’s supply chain, based on a
two-step strategy to reduce its cost to serve, and how it intends to grow its
value added sales, with a focus on air handling and offsite construction.

The Group is targeting £20m of cost savings from the implementation of step
one of its supply chain strategy, and £30m of additional profit from growth in
its air handling and offsite construction businesses over the next three
years. Together with ongoing procurement savings, these initiatives provide
the Group with a £60m profit improvement opportunity by 2018.

Furthermore SIG believes there is potential for an additional £30m of savings
from enacting the second step of its supply chain strategy.

The presentation will be available on www.sigplc.com later in the day.

Trading

On 22 October 2015 SIG released a trading update in which it cited difficult
Q3 market conditions, particularly in France and the UK RMI sector.

Trading improved in October, with positive LFLs in both UK & Ireland and
Mainland Europe. The Group continues to expect underlying profit before tax
to be in the range of £85-90m for the full year.

Enquiries

SIG plc

Simon Bielecki, Head of Investor Relations + 44 (0)
7515 794359

FTI Consulting

Richard Mountain/Nick Hasell +
44 (0) 20 3727 1340

This information is provided by RNS
The company news service from the London Stock Exchange

© Thomson Reuters Limited. Click for restrictions


#3

BRIEF ? SIG sees FY underlying pretax profit of 85 ? 90 mln stg
16-11-2015 08:24
Nov 16 (Reuters) ? SIG Plc :

Group is targeting 20 mln stg of cost savings from implementation of step 1 of its supply chain strategy
Targeting 30 mln stg of additional profit from growth in its air handling and offsite construction businesses over next three years
These initiatives provide group with a 60 mln stg profit improvement opportunity by 2018
SIG believes there is potential for an additional 30 mln stg of savings from enacting second step of its supply chain strategy
Continues to expect underlying profit before tax to be in range of 85-90 mln stg for full year
Source text for Eikon: … Further company coverage: SHI.L

(Bengaluru Newsroom +91 80 6749 1136)


#4

BUZZ-SIG: recovers on cost-savings targets

Mon, 16th Nov 2015 09:28
** Specialty building products supplier SIG rise as much as 7.5 pct, among top gainers on FTSE 250 index

** Co says in a Capital Markets Day statement that it is reshaping its supply chain to reduce costs, targeting savings of about 50 million pounds

** Stock had lost 33 percent since Oct. 22 when co warned on profit (Reuters Messaging: roshni.menon.thomsonreuters.com@reuters.net)