In a trading update today SIG said: “The Group has developed an improvement plan assuming no market recovery in H2 2026 and FY 2027.
“The plan aims to generate cash of at least £100m, through a combination of business simplification, disposals, business improvement and working capital optimisation.
“It is also targeting an annualised operating profit run rate improvement of £50m by H1 2028. Further details of the plan will be shared with the H1 2026 results on 4 August 2026.”
SIG appointed the Chief Financial Officer who helped turnaround Kier’s fortunes earlier this year.
SIG said it now expects FY 2026 underlying operating profit to be around £25m.
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