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News SIG reports drop in sales in 2023

SIG reports drop in sales in 2023

Written by Global Insulation staff
11 January 2024
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UK: SIG says that its full-year sales dropped by 2% year-on-year in 2023. Reuters has reported that the company nonetheless expects to record an underlying operating profit in the upper half of its forecast for the year. It said that restructuring and productivity initiatives carried out in the second half of 2023 saved an anticipated Euro11.6m. SIG expects ‘soft’ market conditions to continue in 2024.

Published in Global Insulation News
Tagged under
  • UK
  • SIG
  • outlook
  • Sales
  • profit
  • costs
  • costs saving initiatives

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