SIG Year in Review 2017
Chairman's statement
Our strategic goal is to deliver significantly improved operational and financial performance.
Andrew Allner
Chairman
Performance
We are beginning to make initial progress towards the Group's medium term financial targets.
Meinie Oldersma
Chief Executive Officer
Financial review
In a year of challenge and change, the Group delivered its first improvement in underlying operating profit in three years, including the benefit of property profits.
Nick Maddock
Chief Financial Officer
Highlights
Like-for-like sales
+3.8%
(2016: +0.4%)
Medium term target: Growth in line with market
Underlying revenue (£m)*
Total revenue (£m)
* Before results attributable to businesses identified as non-core and Other items as disclosed in Notes 1 and 2 of the Financial Statements.
Prior years have been restated for the historic overstatements noted on page 31 and reclassified for businesses identified as non-core since signing of the 2016 Annual Report and Accounts.
Return on sales
3.4%
(2016: 3.5%)
Medium term target: c.5%
Underlying profit before tax (£m)*
Statutory profit/(loss) before tax (£m)
* Before results attributable to businesses identified as non-core and Other items as disclosed in Notes 1 and 2 of the Financial Statements.
Prior years have been restated for the historic overstatements noted on page 31 and reclassified for businesses identified as non-core since signing of the 2016 Annual Report and Accounts.
Return on capital employed
10.3%
(2016: 10.2%)
Medium term target: c.15%
Net debt (£m)
Headline financial leverage
our investment case
- Strong positions in our core markets of insulation & interiors, roofing & exteriors and air handling
- Focused on specialist distribution and merchanting for our business customers across the construction industry
- Bringing value to our customers as a specialist distributor
- Experienced and passionate workforce operating with a strong health and safety focus
- Our strategic goal is to deliver significantly improved operational and financial performance as a leading European supplier of specialist building materials
Our strategy
Our Strategic Goal
Our goal is to deliver significantly improved operational and financial performance as a leading European supplier of specialist building materials.
Our Strategic Levers
customer service
customer value
operational efficiency
Key Strategic Enablers
it
data
capability
Delivering Our Strategy
simplify
focus
deliver
Strategy in action
customer service
Case study
Serving our Roofing customers
Investing in branches and sales
customer value
Case study
Delivering customer value in Air Handling
Providing solutions across a broad range of segments
operational efficiency
Case study
Delivering operational excellence in France
Robust cost and capital discipline
Downloads