SIG Group Reports Stable Volumes, Growth Recovery Signs, and Production Progress

• SIG Group AG reported stable volumes and signs of growth recovery in Q1 2024, with revenue in line with the strong prior year.
• The company's reported revenue declined by 1.0% compared to Q1 2023.
• Volume growth is resuming in key regions, with pricing remaining stable. The adjusted EBITDA margin for Q1 2024 was 21.5%.
• The company confirmed its full-year guidance and expects volume growth to accelerate throughout the year as consumer confidence improves.
• In Q2 2024, SIG will begin production at its new chilled carton production facility in China, which is expected to boost revenue growth and market share.
• The company's net leverage as of March 31, 2024, was 2.9x, with expectations to reduce net leverage to around 2.5x by December 31, 2024.

The next important date, Quarterly report, at SIG Group is on 25.07.2024.

The price of SIG Group at the time of the news was 19,395EUR and was up +0,86 % compared with the previous day.
20 minutes after the article was published, the price was 19,195EUR this corresponds to a minus of -1,03 % since publication.

SIG Group

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ISIN:CH0435377954WKN:A2N5NU

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