Market conditions were challenging over first half of year, says SIG

In a trading update for the six months to June 30 2023, SIG said there had been a “notable softening” in demand in France and Germany in the last two months. The statement added: “We expect weak and uncertain demand conditions throughout the rest of the year, along with a continued, but further moderating, revenue tailwind from input price inflation. Whilst trading in recent weeks leads us to be more cautious as to the timing of any broad-based improvement in demand conditions, the second half will benefit from ongoing productivity initiatives as well as an expected profit on one specific property move.