SIG outlines performance reset to optimize value creation at its Investor Update

At its Investor Update in Zurich today, SIG will present its roadmap to improve business performance, focusing on portfolio optimisation, operational improvement and prioritisation of rigorous capital discipline.

Ola Rollén, Chair of SIG said:

“While the market environment has deteriorated in H2 2025, the aseptic carton business continues to benefit from its significant competitive advantages which have underpinned its market share gains over recent years. 

By applying SIG’s leading aseptic technology and system solutions business model to spouted pouch and parts of the bag-in-box portfolio we see a unique opportunity to develop new aseptic markets going forward.

The self-help actions announced today will reset the Company near the trough of the cycle and lay the foundation for future value creation.”

The Group will focus on three key areas to drive value creation going forward:

• Portfolio optimization towards highly differentiated aseptic systems solutions
• Driving performance improvement through self-help initiatives amid a challenging market environment
• Implementation of disciplined capital allocation, including the introduction of EBIT as a key KPI to replace EBITDA 

Together these initiatives are expected to improve mid-term margins by 150 basis points after inflation.

2026 Guidance 

The Group expects 2026 revenue growth in the region of 0-2% at constant currency and constant resin. This reflects continued subdued market conditions, partially offset by SIG’s expected ability to outperform the market.

In 2026, the adjusted EBIT margin is expected to be above the level of 2025 while net capex is targeted to be in a range of 6-8% of revenue, including lease payments.

Medium Term Guidance 

Looking to the medium term when market conditions are expected to normalize, the Group expects revenue growth of 3-5%, at constant currency and constant resin. 

In terms of profitability, the performance improvement initiatives stated above are expected to increase the adjusted EBIT margin by 150 basis points to above 16.5%.

Net capital expenditure, including lease payments are expected to be in the range of 6-8% of revenue, whilst ensuring that investments are made in the most accretive areas.

Net leverage is expected to fall below 2.5x by 2027, with further improvement to around 2.0x in the medium term.

After the pause in the dividend payment for the year ended 31 December 2025, the Group expects to re-instate dividends for the year ended 31December 2026 with a payout ratio of 30-50% of adjusted net income.