SIG, which supplies insulation, interiors, roofing and other products to the building industry, has said its like-for-like sales in Ireland dropped by 22% last year compared with 2007. Like-for-like sales strip out the effects of new store openings.
The company's sales across all its markets were up 24% from 2007 to just over £3 billion, however, helped by acquisitions and an increase in sales in continental Europe.
SIG said the performance came despite tough conditions in the second half of 2008, particularly in the UK and Irish markets. The company has been implementing cost-cutting measures including branch closures and cuts in staff numbers.
