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News SIG’s quarterly revenue falls due to poor UK construction market

SIG’s quarterly revenue falls due to poor UK construction market

Written by Global Insulation staff
20 November 2018
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UK: SIG’s revenue has fallen in the three months to October 2018 due to a weakening construction market in the UK. Its revenue in the UK and Ireland fell by 8.7% year-on-year. It said that commercial construction demand had remained dampened by macro-economic uncertainty, house price inflation was slowing and secondary housing market transactions had continued to fall. Its sales in Europe were mixed with quarterly declines in France and Germany but strong gains in Poland, the Benelux region and in its Air Handling business.

Published in Global Insulation News
Tagged under
  • UK
  • SIG
  • Results
  • France
  • Germany

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