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SIG Group shares plunge 20% as profit warning rattles investors

Updates shares move, milestones

   ** Shares in SIG Group SIGNC.S drop 19.8% after the Swiss packaging group issued a profit warning for 2025 and suspended its cash dividend

** "As the dividend was a key for the investment case, its suspension is likely to disappoint investors," Vontobel says

** The shares hit their lowest price since May 2019

** SIG revised 2025 revenue growth guidance to slightly negative to flat in constant currency from its previous target of arriving at lower half of a 3% to 5% range

** It now sees 2025 adjusted EBITDA margin of 24% to 24.5% vs lower end of a 24.5% to 25.5% range expected previously

** SIG also said it would divest its smaller non-aseptic businesses and introduce a performance improvement programme after it competed a strategic review

** Up to the previous session's close, shares were down 29.8%​ YTD

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))

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