SIG has stated that its guidance for the current financial year remains unchanged, as part of its Q3 trading update.

The specialist insulation and building products supplier’s group like-for-like revenue was flat year-on-year in the third quarter to £664m, while its year-to-date growth remained at 1% to £1.96bn.

SIG stated that subdued demand has persisted across the group’s markets, with “no material signs of market recoveries during the period”.

It added that demand in all markets remains well below historical levels, with European constriction at a low point in the cycle and with longer than anticipated delays to the "start of meaningful recovery".

However, SIG said that its businesses continue to outperform and take share within their end markets.

As a result, the firm stated that its operating profit guidance remains between a range of £30m and £35m.

SIG added that productivity and cost initiatives remain a key focus and the incremental benefits of these underpin its profit outlook.

Chief executive officer at SIG, Pim Vervaat, said: "I have been impressed with the energy, commitment and knowledge of the many people I have met across the group so far. I am also pleased to see the robust trading performance in continued difficult market circumstances, and the strong focus of the teams on managing both costs and working capital.

“I look forward to working with the board and the management teams in driving substantial value over time, and to sharing my initial views early in 2026."

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