SIG sees 2014 progress slightly lower than previous expectations

Nov 12 (Reuters) - SIG Plc, a European specialistbuilding products distributor, said it expected a year of goodprogress, albeit slightly lower than its previous expectations.

SIG said the strong growth in the UK and Ireland,accelerated savings and improving gross margin are expected topartially mitigate the effects of weaker macroeconomicconditions in Mainland Europe and foreign exchange translationin 2014.

The company, which distributes insulation, exteriors andinteriors products, said trading conditions weakened in MainlandEurope, particularly Germany and Poland, during July-October dueto the deteriorating macroeconomic environment and politicaluncertainties in Ukraine. (Reporting by Aashika Jain in Bangalore; Editing by GopakumarWarrier)

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