SigmaRoc reports stronger Q3 trading, backs full-year outlook

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SigmaRoc Q3 results and outlook

Highlights

SigmaRoc's nine-month revenue rises 2.5% to £795 million, underlying EBITDA increases 7.5% to £207.3 million, with margin improving to 26.1%.
Construction returns to growth in Q3, offsetting weak residential conditions, while all end markets—industry, environment, construction—show revenue gains in the quarter.
Planned €110 million acquisition of AB Dolomitas will expand SigmaRoc’s Baltic presence; full-year 2026 outlook remains unchanged amid Q4 market uncertainty.

Nine-month performance and market trends

As reported by London Stock Exchange, citing its Regulatory News Service, SigmaRoc says revenue rises 2.5% in the period to £795 million from £775 million a year earlier, while underlying EBITDA increases 7.5% to £207.3 million from £192.9 million.

The group says underlying EBITDA margin improves to 26.1% from 24.9%, an increase of 120 basis points. Volumes in the third quarter evolve broadly in line with the first half, with improved activity in infrastructure, industrial and environmental markets mostly offsetting still subdued residential construction conditions across Europe.

All end markets, including industry, environment and construction, show revenue growth in the third quarter, according to the company. SigmaRoc adds that the construction segment returns to growth in Q3 after a slight decline in the first half, while some geographic markets remain more challenging than others.

Acquisition plan and full-year confidence

SigmaRoc says its planned acquisition of AB Dolomitas for €110 million expands its presence in the Baltics and fits its strategy of focusing on high-quality minerals businesses. The Lithuanian dolomite producer has annual production of 3.5 million tonnes and about 45 years of reserves and resources, and the transaction is expected to complete later this year.

Chief executive Max Vermorken says the group sees little change in Q4 market uncertainty, even as possible tailwinds remain from EU support for sectors such as steel and mining, Germany's ongoing stimulus programme and a potential cyclical recovery in residential construction. He says the board's view on the full-year 2026 outlook remains unchanged, with the company positioned to benefit if market conditions improve.

In our earlier coverage of Europe’s uneven economic recovery, we outlined how the IMF’s latest forecasts pointed to improving growth prospects in Germany and the UK, relative strength in Spain, and continued weakness in France. We also noted that sticky inflation, tight fiscal constraints, and shifting trade relationships were influencing borrowing conditions and credit-market sentiment across the region, leaving the outlook fragmented for companies and investors.

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