SigmaRoc issue 2018 Trading Update
Unaudited group revenues up 52% and EBITDA in line with expectations for year ended 31 December
IN their 2018 Trading Update issued today, SigmaRoc plc, the AIM-quoted buy-and-build construction materials group, say they expect to report a strong performance from their businesses for the financial year ending 31 December 2018.
Consolidated unaudited group revenues are expected to reach £41.2 million, representing a 52% increase on the previous year, with operational profits (EBITDA) being in line with market expectations.
SigmaRoc say their Ronez business has continued on its path of improved operational efficiency and is expected to deliver increased operating profit compared with 2017.
In addition, operational efficiencies generated through the creation of SigmaRoc’s PPG platform, which includes Allen Concrete and Poundfield Products, are starting to contribute to the top and bottom line of the Group, with further improvements to be extracted as the integration work progresses in 2019.
Max Vermorken (pictured), SigmaRoc’s chief executive officer, commented: ‘I am extremely pleased with the expected unaudited results for the 2018 financial year. It is testament to the growth strategy pursued by the board and the hard work of management and our employees.’
