SIG Group (SIGN) H1 2026 earnings summary

Executive summary

• Revenue grew 0.8% at constant currency in H1 2026, with margin expansion to 15.6% driven by efficiency and cost management despite challenging market conditions.

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

• Strategic focus on aseptic system solutions and efficiency initiatives, including a new business service center in Mexico.

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

• Full-year guidance confirmed despite ongoing geopolitical and cost volatility.

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–€133 million; diluted EPS: €0.35.

• Free cash flow improved to -€32 million from -€140 million year-over-year.

• Return on capital employed: 24%–25%.

• Adjusted EBITDA margin: 23.9%.

Outlook and guidance

• 2026 guidance: revenue growth at constant currency/resin 0–2%, adjusted EBIT margin 15.7–16.2%, net capex 6–8% of revenue, adjusted tax rate 26–28%.

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

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