Update on strategic direction, 2025 full year guidance and cash dividend
News General news
The Board of Directors conducted a strategic review of SIG’s business following the Company’s AGM in April 2025. The review confirms that SIG’s strategic core is very well positioned for continued success as a global leader in sustainable aseptic system solutions in carton. Leveraging its global platform, expertise, and technology, the Company will accelerate its efforts to become a global aseptic system solutions leader in bag-in-box and spouted pouch as well.
To support this strategy and further enhance the mid-term financial performance and competitiveness, SIG is implementing a transformation program including:
- Streamlining and focusing the portfolio on higher-margin, higher-growth aseptic businesses
- Initiating the divestment of smaller non-aseptic businesses
- Stepping up operational efficiency through a performance improvement program
The non-recurring charges associated with these activities are expected to be in the range of €310-360 million pre-tax, of which €75-100 million are expected to impact adjusted EBITDA and adjusted net income. Approximately 90% of the non-recurring charges are non-cash and mostly relate to impairments of customer relationships, technologies, and equipment.
Updated 2025 full year guidance and pausing of cash dividend for 2025
The ongoing challenging market conditions and the transformation program are expected to impact the Group’s growth in constant currency and constant resin in the second half of 2025. SIG now expects slightly negative to flat revenue growth at constant currency and constant resin for 2025 (previously: lower half of a 3-5% range).
Excluding the non-recurring charges, the adjusted EBITDA margin is expected to be in the range of 24.0-24.5% (previously: lower end of the 24.5-25.5% range), reflecting lower volumes. Including the above-mentioned non-recurring charges, the adjusted EBITDA margin is expected to be around 21%.
Given the Company’s increased focus on capital discipline, including its priority to reduce debt levels, the Board of Directors proposes to pause the cash dividend for the year 2025.
Investor Update Meeting on October 30, 2025
Following the Q3 trading update on October 28, 2025, the Company will host an Investor Update in Zurich on October 30, 2025. At that meeting, SIG’s chair Ola Rollén and management will present the Group’s strategic direction, capital allocation priorities and provide an update on mid-term guidance.
