SIG Group AG Q3 2024 Performance Shows Resilience and Growth

SIG Group AG reported a 5.1% increase in Q3 2024 revenue, on a constant currency basis, marking a positive trend for the company. Despite challenges, including currency depreciation impacting overall revenue, the company managed to show robust performance driven by its carton segment.

In the first nine months, SIG achieved a revenue growth of 3.7% at constant currency. Regions such as IMEA showcased significant growth at 13.9%, bolstered by strong demand in Egypt and Saudi Arabia. Conversely, Americas saw a decline of 1.2%, although there was an upturn in Q3 with a 4.3% growth led by the bag-in-box sector.

The company maintained its 2024 and mid-term financial guidance, with an adjusted EBITDA margin of 24.0%, slightly down from the previous year. This decline was attributed to currency volatility and cost challenges, optimistically balanced by improvements in operating efficiency.