SIG: Growth above guided range and record profitability

Samuel Sigrist, CEO of SIG, said: “In 2021 we sustained strong revenue growth throughout the year. Our performance globally not only reflects the resilience of our business – it is also testimony to our teams who have worked tirelessly to ensure flawless service and an ongoing stream of innovation for customers.

The strong top line growth was accompanied by an increase in the adjusted EBITDA margin which was achieved despite higher raw material costs in the second half of the year. In recent years we have demonstrated our ability to maintain best-in-class profitability in the face of foreign exchange as well as raw material headwinds.

In 2021 we continued to place a significant number of fillers with new and existing customers across all regions. We also continued to invest in our manufacturing base. Our new Asia Pacific plant in Suzhou, China was operational from the start of the year and is progressively ramping up its capacity. In April we announced the construction of a new plant in Mexico which will come onstream in early 2023 and will enable us to serve our North American customers better and faster.

An innovation highlight was the launch in November of our next generation filling machine SIG NEO. This is not only the world’s fastest filling machine for family-size carton packs – it also has a 25% lower carbon footprint compared with our current generation machines. This is just one example of the focus on sustainability that pervades our R&D and our entire business model. Our goal is to play a significant role in shaping a more sustainable food system through a broad range of packaging solutions that can deliver a net positive outcome for people and for the planet.

The excellent performance of SIG in 2021 is a strong foundation for the two recently announced acquisitions that will broaden and strengthen our leadership in sustainable packaging solutions for liquid food and beverages.”