SIG : Stable volumes, initial signs of growth recovery, progress on production footprint
April 30, 2024 at 06:03 am
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April 30, 2024
Ad hoc
Ad hoc announcement pursuant to Art. 53 LR
Stable volumes, initial signs of growth recovery, progress on production footprint
April 30, 2024
Ad hoc
Q1 2024 trading update
Q1 2024 revenue, at constant currency, in line with strong prior year (constant currency and constant resin1 also in line with prior year)
Q1 2024 reported revenue declined by 1.0% compared with Q1 2023
Volume growth resuming in key regions, pricing stable
Q1 2024 adjusted EBITDA margin 21.5%; set to expand through the year as revenue growth resumes
Full year guidance confirmed
1 The resin escalator for the bag-in-box and spouted pouch businesses, which passes on movements in resin costs directly to customers, is excluded for year-on-year comparison purposes.
Stable volumes, initial signs of growth recovery, progress on production footprint
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SIG Group Ltd. published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
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SIG Group AG is a Switzerland-based company engaged in the containers and packaging industry. The Company manufactures aseptic carton solutions for beverage and liquid food products, ranging from juices and milk to soups and sauces. The Company's product offering consists of aseptic carton packaging filling machines, aseptic carton packaging sleeves, spouts and caps, as well as after-market services. The Company's machinery is automated with software solutions, such as Efficiency Control System (ECS) and Line Monitoring System (LMS). In addition, the Company provides consulting services, ranging from market analysis and product design to the installation, start-up and maintenance of the filling equipment, food safety consulting and continuous improvement of production facilities and processes. The Company is globally active, with operations in the Americas (AM), Europe (EU), Middle East and Africa (MEA), and Asia-Pacific (AP).
SIG GROUP AG 
