SIG plc announced sales results for the twelve months ended December 31, 2016. Group sales in 2016 were c.£2,738 million, an increase of 11.2% compared to prior year, having benefited from foreign exchange movements (+6.9%), acquisitions (+3.7%), and working days (0.3%). On a like-for-like ("LFL") basis Group sales increased 0.3%.

In line with previous guidance the group continues to expect that underlying profit before tax for 2016 will be within its previously stated £75 million to £80 million range, and that gross margin will be around 30bps lower than prior year.