SIG PLC Trading Update (9587V)
December 17 2021 - 2:00AM
UK Regulatory
TIDMSHI
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 underlying(1) operating profit outturn,
which is now expected to be ahead of prior expectations and no less
than GBP40m.
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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END
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