Brief: SIG Group Slightly Lowers Full Year Guidance, Reports H1 Earnings

SIG AG

30/07/2024 06:10

July 30 (Reuters) - SIG GROUP AG  SIGNC.S :
    * QUARTER ON QUARTER SEQUENTIAL IMPROVEMENT ACROSS KPIS
    * 2024 GUIDANCE UPDATED
    * REVENUE GROWTH OF AROUND 4%, +/-50 BPS (PREVIOUSLY AT LOW
END OF
4-6%)
    * MID-TERM GUIDANCE CONFIRMED: REVENUE GROWTH IN UPPER HALF
OF
4-6% RANGE, ADJUSTED EBITDA MARGIN ABOVE 27%, NET CAPEX 7-9% OF
REVENUE
    * GROUP HAS UPDATED ITS 2024 GUIDANCE. REVENUE GROWTH IS
EXPECTED
TO BE AROUND 4%, PLUS OR MINUS 50 BASIS POINTS
    * OUTLOOK 2024: IT HAS REVISED ITS GUIDANCE FOR ADJUSTED
EBITDA
MARGIN FROM LOWER HALF OF 25-26% TO LOWER END OF 24-25%
    * OUTLOOK 2024: NET CAPITAL EXPENDITURE IS EXPECTED TO BE
WITHIN
LOWER HALF OF 7-9% OF REVENUE FOR FULL YEAR
    * REST OF GROUP'S 2024 GUIDANCE REMAINS UNCHANGED
    * INTENDS TO CONTINUE ITS POLICY OF A PROGRESSIVE DIVIDEND
PER
SHARE GROWTH WITH A PAY-OUT RATIO WITHIN A RANGE OF 50-60% OF
ADJUSTED NET INCOME
    * Q2 2024 REVENUE GROWTH, AT CONSTANT CURRENCY, +5.7%
    * Q2 2024 ADJUSTED EBITDA MARGIN 25.1%

Source text for Eikon:  ID:nEQGYyXba 
Further company coverage:  SIGNC.S 

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