Machinery industry SIG grows slightly in the first half of the year and lowers forecasts
Packaging specialist SIG grew slightly in the first half of 2025 and achieved a slightly higher operating margin. In view of the subdued market environment, SIG has adjusted its targets for the year as a whole slightly downwards.
29.07.2025, 07:35
SDA
In the months from January to June, SIG's turnover rose by 0.3 percent to 1.58 billion euros, as the company announced on Tuesday. Adjusted for currency effects and the price development of plastics, the increase amounted to 2.6 percent. In the first three months, SIG had still grown by a good 3 percent.
Market conditions remained subdued due to the lower purchasing power of consumers, Group CEO Samuel Sigrist noted in the press release. SIG achieved currency-adjusted growth of 2.6 percent in its largest division, the cartonboard business, while sales of bag-in-box packaging and stand-up pouches remained stable.
However, SIG increased its adjusted operating profit EBITDA by 0.7 percent to 372.0 million euros and the corresponding margin was 23.6 percent after 23.5 percent. Adjusted net profit increased by 13 percent to 136.1 million, according to the statement. Lower tax and interest expenses were largely responsible for this.
Expectations missed
With its half-year figures, SIG missed analysts' expectations (AWP consensus) in terms of turnover and operating profit. They had expected sales of 1.59 billion euros and an adjusted EBITDA of 375.2 million. The profit was above the expected 125.0 million.
SIG has revised its outlook slightly downwards. The Group is now targeting adjusted growth at the lower end of the 3 to 5 percent range in the current year. The adjusted EBITDA margin is also expected to be in the lower half of the range of 24.5 to 25.5 percent, according to the statement. In line with the usual seasonal development, SIG expects higher sales growth and a higher adjusted EBITDA margin in the second half of the year.
