Business
Full year results for the year ended 31 Dec 2022
Full year results for the year ended 31 Dec 2022.
About this update from Sig Plc
[{"type":"text","content":"\n \n \n \n \n \n 8 March 2023\n \n \n \n SIG plc\n \n \n \n \n Full year results for the year ended 31 December 2022\n \n \n \n \n \n \n \n \n \n Strong year; platform established for long term growth\n \n \n \n \n \n \n \n \n SIG plc (\"SIG\", \"the Group\" or \"the Company\") today announces its results for the full year ended 31 December 2022 (\"FY 2022\" or \"the year\").\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n \n Underlying1 revenue\n \n \n \n \n \n £2,744.5m\n \n \n \n \n \n £2,291.4m\n \n \n \n \n \n \n LFL2 sales growth\n \n \n \n \n \n 17.0%\n \n \n \n \n \n 24.3%\n \n \n \n \n \n \n Gross margin\n \n \n \n \n \n 25.9%\n \n \n \n \n \n 26.3%\n \n \n \n \n \n \n Underlying1 operating profit\n \n \n \n \n \n £80.2m\n \n \n \n \n \n £41.4m\n \n \n \n \n \n \n Underlying1 operating margin\n \n \n \n \n \n 2.9%\n \n \n \n \n \n 1.8%\n \n \n \n \n \n \n Underlying1 profit before tax\n \n \n \n \n \n £51.6m\n \n \n \n \n \n £19.3m\n \n \n \n \n \n \n Underlying1 earnings per share\n \n \n \n \n \n 3.2p\n \n \n \n \n \n 0.3p\n \n \n \n \n \n \n Net debt\n \n \n \n \n \n £444.0m\n \n \n \n \n \n £365.0m\n \n \n \n \n \n \n Net debt (pre-IFRS 16)\n \n \n \n \n \n £160.3m\n \n \n \n \n \n £128.6m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory results\n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £2,744.5m\n \n \n \n \n \n £2,291.4m\n \n \n \n \n \n \n Operating profit\n \n \n \n \n \n £56.2m\n \n \n \n \n \n £14.0m\n \n \n \n \n \n \n Profit/(loss) before tax\n \n \n \n \n \n £27.5m\n \n \n \n \n \n (£15.9m)\n \n \n \n \n \n \n Total profit/(loss) after tax\n \n \n \n \n \n £15.5m\n \n \n \n \n \n (£28.3m)\n \n \n \n \n \n \n Basic earnings/(loss) per share\n \n \n \n \n \n 1.3p\n \n \n \n \n \n (2.4p)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Financial highlights\n \n \n \n ·\n Full year Group like-for-like2 (\"LFL\") sales growth of 17%, with revenues of £2.74bn\n \n \n ·\n Substantial increase in underlying operating profit1 to £80m, from £41m in 2021\n \n \n ·\n Good margin progression, with underlying operating profit1 margin up 110bps...