<\/svg><\/span><\/a><\/p>\n<\/section>\n<\/div>\nExcluding these charges, net profit reached \u20ac208.3m.<\/p>\n
Around \u20ac107m of the impairments were related to bag-in-box and spouted pouch operations while \u20ac86m was for chilled carton\u202fassets, largely due to weak demand in China.<\/p>\n
The company also booked \u20ac82m for\u202fmarket and capacity rationalisation\u202fin aseptic cartons and \u20ac62m for\u202finnovation-related write-downs, including filling lines and development costs.<\/p>\n
SIG\u2019s adjusted net income declined 25% year-on-year to \u20ac231.1m.<\/p>\n
When excluding non-recurring charges, adjusted net income stood at \u20ac285.3m, which is \u20ac22.8m lower than the previous year.<\/p>\n
The company cited a drop in adjusted EBITDA and increased depreciation as reasons for the reduction, although this was partly offset by reduced tax and finance expenses.<\/p>\n
Total revenue stood at\u202f\u20ac3.25bn, showing a 0.4% growth at constant currency but down 2.4% on a reported basis.<\/p>\n
In Europe, revenue decreased by 0.8% on a constant currency basis.<\/p>\n
The company noted that raw milk shortages for aseptic processing contributed to the slowdown, particularly midway through the year.<\/p>\n
For India, the Middle East and Africa (IMEA), revenue growth was 0.4%.<\/p>\n
In the Asia Pacific, revenue dropped by 1.7%, with SIG attributing this to persistent market softness and intensified competition in chilled cartons.<\/p>\n
The Americas market saw revenue rise by 4.4% on a constant currency basis.<\/p>\n
Growth was primarily supported by higher sales of liquid dairy products in Mexico and price adjustments in Brazil.<\/p>\n
Carton business revenue fell to $2.69bn from $2.75bn, while revenue from bag-in-box and spouted pouch lines declined to $551m from $579.6m.<\/p>\n
Fourth-quarter (Q4) net income decreased to $43.8m from $64.4m in the prior year. <\/p>\n
Revenue for Q4 2025 was $901.2m compared to $930.7m in the same quarter last year.<\/p>\n
The board has decided to suspend dividend payments for the fiscal year ending 31 December 2025.<\/p>\n
Looking forward, SIG expects total revenue growth of between 0% and 2% at constant currency and resin for 2026.<\/p>\n
SIG CFO Anne Erkens said: \u201cIn 2025, SIG operated in a challenging economic environment, particularly on the consumer side, resulting in more volatile demand. In response, we took decisive action to sharpen our strategic focus. <\/p>\n
\u201cFollowing an in-depth strategy review, we defined a clear roadmap to improve business performance, focusing on portfolio optimisation, operational improvement and a more rigorous approach to capital discipline.<\/p>\n
\u201cWe are confident that these priorities, combined with SIG\u2019s unique business model and strong innovation capabilities, provide a solid foundation for long-term value creation.\u201d<\/p>\n
Meanwhile, Mikko Keto took over as SIG\u2019s CEO from 1 March 2026.<\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The downturn was primarily driven by \u20ac351m in non-recurring charges stemming from a strategic review and challenging market conditions. Credit: Tama2u \/ Shutterstock.com. Packaging group SIG has posted a\u202fnet loss of \u20ac87m ($101.2m) in 2025,\u202fmarking a reversal from the \u20ac194.5m profit recorded in the prior year. The downturn was primarily driven by \u20ac351m in non-recurring […]<\/p>\n","protected":false},"author":5,"featured_media":12027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[1636],"class_list":["post-12026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-packaging-services"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/12026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12026"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/12026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/12027"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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