SIG Group AG announces its financial results for the year 2023

SIG Group AG has released its full-year 2023 financial results, highlighting robust growth despite some market challenges. The group's constant currency revenue growth reached 18.5%, while organic aseptic carton revenue growth stood at 7.4%. Additionally, proforma bag-in-box and spout pouch revenue growth, excluding the impact of the resins escalator, was 5.6%.

The group's adjusted EBITDA increased to reach a margin of 24.9%, compared to 23.5% in 2022, highlighting a significant improvement in profitability. At the same time, the company managed to reduce its net leverage to 2.7x. For 2024, SIG forecasts constant currency revenue growth of 4 to 6% and an adjusted EBITDA margin of 25 to 26%.

In recognition of these positive results, SIG is proposing a dividend of CHF 0.48 per share, slightly higher than the previous year. Samuel Sigrist, CEO of SIG, expressed his satisfaction with the company's performance, highlighting the solidity of the business model and the ability to generate cash flow thanks to a differentiated offering and environmental, social and governance (ESG) standards.