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The India, Middle East and Africa region saw the highest growth at 9.6 per cent, bolstered by SIG’s expanded presence in North Africa and India
SIG, a leading provider of packaging solutions, has reported a strong start to 2025, with Q1 revenue growth of 3.2 per cent on a constant currency and constant resin basis, aligning with its full-year revenue guidance of 3–5 per cent. CEO Samuel Sigrist highlighted the resilience of the company’s business model, emphasising SIG’s strategic regional supply approach, which shields it from the direct impact of newly announced trade tariffs.
Regionally, growth was robust in several key markets. The India, Middle East and Africa region saw the highest growth at 9.6 per cent, bolstered by SIG’s expanded presence in North Africa and India, alongside favourable comparisons with the prior year. The Americas followed with 7.1 per cent growth (adjusted for resin and currency), driven by strong aseptic carton sales in Mexico and Brazil, and a recovery in U.S. bag-in-box production following 2024’s challenges.
Europe posted modest growth of 0.4 per cent, reflecting a high base from 2024’s strong performance. While carton packaging grew due to ramped-up filler installations, bag-in-box and spouted pouch sales were subdued. In Asia Pacific, revenue declined slightly by 0.2 per cent amid a weak Chinese market, though this was offset by gains in Southeast Asia, particularly in Thailand, Vietnam, and Indonesia, where SIG benefited from market share gains and new product formats.
SIG’s adjusted EBITDA rose to €166.4 million from €155.2 million a year earlier, with margins improving to 22.3 per cent. Adjusted net income grew to €44.4 million, while net income turned positive at €15.6 million, compared to a loss of €7.1 million in Q1 2024. The improvement reflects stronger operating performance and the absence of non-recurring costs related to the sale of SIG’s Shanghai chilled carton plant.
SIG remains confident in its diversified geographic footprint and resilient product portfolio to sustain growth through 2025.