Switzerland's SIG Group H1 revenue falls on weak demand, market contraction

SIG AG

28/07/2026 06:16

Overview
Switzerland packaging solutions firm's H1 revenue fell 1.2% yr/yr, up 0.8% at constant currency
Adjusted EBIT margin rose to 15.6% from 14.8%, reflecting efficiency improvements and cost discipline
Company confirms full-year guidance despite challenging market conditions

Outlook
SIG expects 2026 revenue growth at constant currency and constant resin of 0-2%
Company sees 2026 adjusted EBIT margin at 15.7-16.2%
SIG says guidance is subject to input cost and currency volatility amid Middle East uncertainty

Result Drivers
COST EFFICIENCY MEASURES - Margin gains attributed to efficiency improvements, cost discipline, and lower depreciation and amortization following 2025 impairments
RAW MATERIAL AND FREIGHT COSTS - Surcharges implemented to offset increases in raw material and freight costs
REGIONAL VARIATION - Americas and APAC saw revenue growth, while Europe and IMEA declined due to weaker demand and market contraction

Company press release: ID:nEQx87Yha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 1.56 bln
 
H1 Adjusted EPS
 
EUR 0.35
 
H1 EPS
 
EUR 0.35
 
H1 Adjusted Net Income
 
EUR 133.30 mln
 
H1 Adjusted EBITDA
 
EUR 372.60 mln
 
H1 Adjusted EBITDA Margin
 
23.90%
 
H1 EBITDA
 
EUR 385.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy"
Wall Street's median 12-month price target for SIG Group AG is CHF15.20, about 7.5% above its July 27 closing price of CHF14.14
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)