SIG expects year of progress

SIG, the specialist building products distributor, said it expected a year of good progress, albeit slightly lower than its previous expectations.

Sheffield-based SIG said the strong growth in the UK and Ireland, accelerated savings and improving gross margin are expected to partially mitigate the effects of weaker macroeconomic conditions in mainland Europe and foreign exchange translation in 2014.

The company, which distributes insulation, exteriors and interiors products, said trading conditions weakened in mainland Europe, particularly Germany and Poland, during the July to October period due to the deteriorating macroeconomic environment and political uncertainties in Ukraine.