SIG reports 6% growth in carton revenue 

GERMANY – Packaging giant SIG has announced a 6% increase in its 2024 carton revenue, driven by strong volume growth despite subdued end markets, according to the company’s annual report.

Chief Executive Officer Samuel Sigrist commented on the company’s performance, highlighting that in 2024, SIG continued to outperform the market and gained share in its carton portfolio. 

This demonstrated the resilience of the business model and strategy despite a challenging economic environment, particularly for consumers.

The company reported the placement of 75 aseptic carton filling machines during the year, marking another strong performance following two years of exceptional placements exceeding 90 fillers annually.

However, SIG’s bag-in-box and spouted pouch revenue declined by 5% for the year, at constant currency and constant resin. 

This decline was attributed to a weak first half performance due to soft market conditions, particularly in North America, and operational challenges at the company’s US production facilities. 

These operational challenges have been addressed, and we are pleased to report positive revenue growth of 2.5% in the second half of the year.

Looking ahead to 2025, SIG anticipates a market environment similar to that of 2024. The company expects total revenue growth at constant currency and constant resin to be within a range of 3-5%. 

The adjusted EBITDA margin is projected to be within a 24.5 to 25.5% range. In line with our usual seasonality, we expect revenue growth and adjusted EBITDA margins to be higher in the second half of the year.

SIG Group AG, headquartered in Neuhausen am Rheinfall, Switzerland, is a leading manufacturer in the packaging industry. 

Founded in 1853, the company specializes in aseptic cartons, bag-in-box packaging, and spouted pouches for beverages and food. It also produces, operates, and maintains packaging machines. 

The company operates 90 subsidiaries in 41 countries across Europe, Asia, the Middle East, Africa, North, Central, and South America, with significant production sites in various locations, including Neuhausen am Rheinfall, Saalfelden, Linnich, Wittenberg, and others.

In addition to its business operations, SIG is actively involved in corporate social responsibility initiatives. 

The SIG Foundation engages in projects targeted towards civil society and the environment. 

Notable initiatives include ‘Cartons for Good,’ which aims to save surplus food from being wasted, support farmers’ livelihoods, and nourish people in need, and ‘Recycle for Good,’ a community recycling program focusing on encouraging the public to practice the circular economy.

Despite the challenges faced in certain market segments, SIG’s overall performance in 2024 affirms the company’s resilience and adaptability in a fluctuating economic environment.

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