Ad hoc
Ad hoc announcement pursuant to Art. 53 LR

Stable revenue in a challenging market environment; clear roadmap to drive future value creation

March 03, 2026
  • 2025 Group revenue growth vs. 2024 at constant currency +0.4% (+0.1% at constant currency and constant resin1). 
  • Q4 2025 Group revenue growth vs. Q4 2024 at constant currency +0.6% (+0.5% at constant currency and constant resin1).
  • 2025 adjusted EBITDA margin 22.1%, including non-recurring charges (2025 EBITDA margin excluding non-recurring charges 24.2% (2024: 24.6%)).
  • Recognition of non-recurring charges related to the prevailing soft market conditions and the strategic review completed, amounting to approximately €351 million (pre-tax).
  • Mikko Keto joined as SIG’s new CEO on March 1, 2026.
  • 2026 outlook: 0-2% constant currency and constant resin revenue growth reflecting a similar market environment as in 2025, adjusted EBIT margin of between 15.7% and 16.2%. Mid-term guidance revenue growth 3-5%, adjusted EBIT margin above 16.5%.

Anne Erkens, CFO, said:

“In 2025, SIG operated in a challenging economic environment, particularly on the consumer side, resulting in more volatile demand. In response, we took decisive action to sharpen our strategic focus. Following an in-depth strategy review, we defined a clear roadmap to improve business performance, focusing on portfolio optimization, operational improvement and a more rigorous approach to capital discipline. We are confident that these priorities, combined with SIG’s unique business model and strong innovation capabilities, provide a solid foundation for long-term value creation.

For 2026, we anticipate market conditions to remain broadly similar to 2025. We expect total revenue growth at constant currency and constant resin  for 2026 to be in the range of 0-2% with an adjusted EBIT margin between 15.7% and 16.2%. In line with our usual seasonality, we expect revenue and adjusted EBIT margins to be stronger in the second half of the year. Our guidance remains subject to input cost developments and foreign exchange volatility.”

 

Mikko Keto, CEO, added:

“I am delighted to join SIG at this important stage of its development. The company has strong foundations, differentiated technology and highly committed teams worldwide. Together, we will focus on disciplined growth, operational execution and continued innovation. Our ambition is clear: to enhance performance, strengthen competitiveness and deliver sustainable value for our shareholders, while maintaining the trust of our customers and partners.” 

 

1 Constant resin growth excludes the impact of movements in the resin price in the bag-in-box and spouted pouch businesses Any movement in resin costs is directly passed on to customers.

Stable revenue in a challenging market environment; clear roadmap to drive future value creation

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