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SIGN SIG AG News Story

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SIG Group jumps on broad Q1 beat

** Shares of SIG Group AG SIGNC.S jump over 11% after the Swiss paper packaging company published better-than-expected first quarter results

** Q1 revenue at constant currency was stable at 714.3 million euros ($835.30 million), against expectations of a fall

** Vontobel analysts say the results beat expectations "across the board". They cite favourable timing in Asia and pre-orders in the Middle East as driving factors

** "Operational measures start to bear fruit," they say, but flag rising raw material and logistics costs as a new challenge

** SIG Group shares are on track for their biggest one-day gain since March 2020

($1 = 0.8551 euros)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))

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