Following a strategic review, packaging manufacturer SIG has announced a comprehensive transformation programme. The company is focussing more strongly on high-margin aseptic business areas, updating its annual forecast and suspending the cash dividend for 2025.
According to SIG, the review confirms that the company is strategically well positioned to expand its position as a provider of sustainable aseptic system solutions. In future, SIG wants to become a global leader not only in the carton segment, but also in bag-in-box and stand-up pouches. To this end, smaller non-aseptic businesses are to be sold and efficiency increased through a performance programme. In connection with the measures, one-off expenses totalling 310 to 360 million euros will be incurred, a large part of which will not affect liquidity, according to information from Neuhausen/Switzerland.
Forecast lowered - EBITDA burdened by extraordinary expenses
For the 2025 financial year, SIG now anticipates stable to slightly declining sales adjusted for currency effects. Previously, growth in the lower end of the range of 3 to 5 per cent had been assumed. Excluding extraordinary expenses, an adjusted EBITDA margin of 24.0 to 24.5 per cent is expected, and around 21 per cent including expenses.
The Board of Directors also announced that it would propose to shareholders to suspend the dividend for 2025. The company cites the targeted reduction in debt and greater capital discipline as the reasons for this.
Source: SIG
