SIG Group (SIGN) investor relations material

Executive summary

• Revenue grew 0.8% at constant currency in H1 2026, with margin expansion to 15.6% and improved free cash flow, despite challenging market conditions and ongoing Middle East conflict.

• Strategic focus on aseptic system solutions, efficiency initiatives, and disciplined surcharge execution supported performance.

• Free cash flow improved to -€32 million from -€140 million year-over-year, with positive €32 million in Q2.

• Leadership changes included a new CEO and President/GM for Europe.

• Business service center opened in Mexico to enhance operational efficiency.

Financial highlights

• H1 2026 revenue: €1,559.5–€1,579 million (down 1.2% reported, up 0.8% constant currency); adjusted EBIT: €243.7–€244 million (15.6% margin).

• Adjusted net income: €133.3 million; net income: €134.1 million; diluted EPS: €0.35.

• Free cash flow improved to -€32.2 million from -€139.8 million year-over-year.

• ROCE at 24–25%; adjusted EBITDA margin: 23.9%.

• Net leverage ratio: 3.0x (2.8x per covenant); net debt €2,171.6 million.

Outlook and guidance

• FY 2026 guidance confirmed: revenue growth at constant currency/resin 0–2%, adjusted EBIT margin 15.7–16.2%.

• Net capex (including leases) targeted at 6–8% of revenue; adjusted effective tax rate 26–28%.

• Dividend payout expected at 30–50% of adjusted net income; dividend paused for 2025.

• Guidance subject to input cost and FX volatility, especially due to Middle East instability.