LONDON (dpa-AFX) - SIG PLC (SHI.L) said that for the first four months, group sales per day from continuing operations decreased by about 2.5 percent in Sterling and by about 4.0 percent in constant currency compared to the same period last year.
The company stated that it continued to outperform its markets in the first quarter, by around 2 percent.
In Mainland Europe sales per day in constant currency for the first four months declined by arpund 4.5 percent, with France and Germany both down by a similar amount. In the UK & Ireland sales per day fell by about 1.0 percent excluding SIG Energy Management.
Trading improved from mid-April onwards as the weather conditions reverted to seasonal norms, with group sales per day for April marginally ahead of last year in Sterling, the company added.
Looking forward, SIG noted that it continues to expect to make further progress in 2013 by focusing on sales outperformance, gross margin enhancement and improved operational efficiency. The Group's medium term target to achieve a return on capital employed 300bps ahead of its weighted average cost of capital, assuming flat markets, remains unchanged.
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