SIG reports 8% increase in sales

BRITISH building materials group SIG has reported an 8% year-on-year increase in group sales for the first four months of the year.

However, the Sheffield- headquartered insulation products specialist, which employs around 300 people in its Irish operation, tempered that level of growth by saying it met with management’s expectations and was measured against a weak, weather-affected corresponding period in 2010.

In a trading update, the company said growth had moderated from March and is expected to moderate further in the remainder of 2011, “due to a combination of stronger comparators and the potential impact of UK Government expenditure cuts”.