Resilient revenue growth coupled with solid financial performance

Samuel Sigrist, CEO, said:

“In 2024, SIG continued to outperform the market and gained share in its carton portfolio, demonstrating the resilience of our business model and strategy despite a challenging economic environment, particularly for consumers.

Carton revenue growth was 6.0%¹ for the year, driving further market share gains.  In 2024, we placed 75 aseptic carton filling machines, which was another strong performance after two years of exceptional placements exceeding 90 fillers annually.

Bag-in-box and spouted pouch revenue declined by 5.0% for the year, at constant currency and constant resin². This reflected a weak first half performance given soft market conditions, particularly in North America, and operational challenges at our 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.

For 2025, we expect a similar market environment as in 2024. The Company expects total revenue growth at constant currency and constant resin for 2025 to be within a range of 3-5%. 

The adjusted EBITDA margin is expected to be within a 24.5 to 25.5% range.  In line with our usual seasonality, we expect revenue growth and adjusted EBTIDA margins to be higher in the second half of the year. Guidance is subject to input costs as well as foreign currency volatility.”

¹ Constant currency

² The resin escalator is for the bag-in-box and spouted pouch businesses, which passes on movements of resin costs directly to customers, is not included in the guidance.