SigmaRoc trading was ahead of expectations through first four months of 2021

0 31

SigmaRoc Plc’s (LON:SRC) trading in the first four months of the year has been ahead of internal expectations.

The construction materials company, in a statement ahead of today’s AGM, said that it generated £36.7min of revenue during the first quarter and that marked a 12% increase on the same period last year. Margins and cash generation continued to be strong in the quarter, SigmaRoc added.

It highlighted that the performance was drive by both organic growth and the contribution of operations acquired last year. Momentum continued into the second quarter, it noted, with further like-for-like growth for the month of April.

SigmaRoc said that the outlook for the Group remains favourable with strong demand across all products and platforms.

Demand in the private sector remains favourable with large-scale projects commencing, meanwhile, demand for aggregates, concrete and dimension stone was described as particularly strong in the Benelux markets.

The company noted that its acquired B-Mix and Casters businesses are being integrated into the Group at significant speed, and, the recently added crushing installations at Carrieres du Hainaut in Belgium is already yielding the expected increase in production efficiency.

Organic investment projects are on track to be delivered in South Wales

It highlighted that the Greenbloc product, a new ‘cement-free’ ultra-low carbon concrete building block, has attracted significant attention from customers.

“The year started well across the group with strong sales in every platform,” said chief executive Max Vermorken.

He added: “Several initiatives for further organic and acquisitive development of the business are being considered further to improve the strategic footprint and the bottom line of the group.”

Leave A Reply

Your email address will not be published.