Insulation industry news from Global Insulation

UK: SIG recorded revenue growth of 17% year-on-year in 2021. In the third quarter of 2019, growth was 9%. It achieved the acceleration despite material and truck driver shortages.

The company said that its UK distribution division was a key driver in its effective response to strategic and operational changes introduced since July 2020 designed to return the business to its previous market position and performance. Additionally, its France, UK exteriors and Poland businesses performed ‘very strongly.’ In all regions, the group passed on cost inflation to improve profitability quarter-on-quarter during the quarter. It forecast full-year underlying operating profit in 2021 ahead of market forecasts.