Good first-half progress for SigmaRoc
SigmaRoc announce unaudited interim results for six months ended 30 June 2019
AIM-listed buy-and-build construction materials group SigmaRoc plc have reported a 49.7% increase in revenue to £29.8 million (H1 2018: £19.9 million) and an 18.8% rise in underlying EBITDA to £5.7 million (£4.8 million), in their unaudited interim results for the six months ended 30 June 2019. Underlying profit before tax was up 25.0% to £3.5 million (£2.8 million) in the same period. The Group now has close to 500 employees across 26 production sites.
Commenting on the results, David Barrett, executive chairman of SigmaRoc, said: ‘We have completed another half year with excellent progress on the acquisition and improvement front. Two businesses have joined the Group, expanding our footprint to South Wales and the north-west of England and giving us further scale to the benefit of our group.
‘The team is hard at work to integrate both new entities with good progress made in the first half and more to follow in the second. We also welcome a very eminent industrialist, Jacques Emsens, who is proposed to join our board as we make our first steps into mainland Europe.’
Chief executive officer Max Vermorken added: ‘We are very pleased with the progress made to date. The second half should see us deliver more from our existing business and enter new markets with significant potential for the Group. We remain optimistic as ever about the potential of our strategy and the results we can deliver for shareholders.’