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Despite a slight decline in sales and significantly lower profits due to high one-off costs, SIG is sticking to its targets for the current year. (archive picture)
Keystone
The packaging specialist SIG achieved slightly lower sales last year and also earned significantly less due to high one-off costs. The targets for the current year have been confirmed.
As announced, turnover fell slightly by 2.4 percent to 3.25 billion euros in 2025, as the Group announced on Tuesday. Adjusted for currency effects and the price development of plastic, turnover remained stable (+0.1%).
The adjusted EBITDA margin excluding one-off expenses fell to 24.2 percent after 24.6 percent in the previous year. It was therefore within the announced range of 24.0% to 24.5%.
Adjusted net profit fell by a quarter to 231.1 million. In total, one-off expenses of around 351 million euros were incurred in the reporting year. Without adjustment, the result was clearly negative.
As announced, shareholders are now to forego a dividend (previous year: CHF 0.49). With these figures, the company has slightly exceeded the expectations of analysts surveyed by the news agency AWP in terms of turnover and achieved the margin.
The management confirms the previous targets. In the "transition year" 2026, the Group expects sales growth of 0 to 2% adjusted for currency effects and at constant plastics prices.
It is also targeting an adjusted EBIT margin of between 15.7% and 16.2%. By way of comparison, the EBIT margin in 2025 was already 15.7%.
"For 2026, we assume that market conditions will remain largely the same as in 2025," said CFO and interim CEO until the end of February Anne Erkens in the press release.
Thanks to the "clear roadmap for improving performance", she is also convinced that the company will be able to achieve its medium-term targets. In concrete terms, this means sales growth of 3 to 5 percent and an adjusted EBIT margin of over 16.5 percent.