2022 at a glance
2022 was an eventful year for SIG. In line with our ambition to be the global leader in sustainable packaging for liquid food and beverages, we expanded our offering of systems and solutions to include – in addition to aseptic cartons - bag-in-box and spouted pouch, as well as chilled carton in Asia.2022 at a glance
“We are delighted to report that we placed 91 aseptic carton fillers during the year. This is an exceptionally high number which will drive mid-term market share gains. We also have a strong pipeline for 2023 showing that, even in periods of high inflation and economic uncertainty, customers are willing to invest in growth.”
- Andreas Umbach Chairman
- Samuel Sigrist Chief Executive Officer
Revenue growth of over 27% at constant currency exceeded our initial expectations. Revenue included the consolidation of Scholle IPN from June and of Evergreen Asia from August. Organic revenue growth, at constant currency, for the aseptic carton business was 8%, due to a combination of volume and price rises. Adjusted EBITDA increased year on year, and we continued to generate strong cash flow. At the Annual General Meeting, the Board of Directors will propose a dividend of CHF 0.47 per share compared with CHF 0.45 per share in 2021.
€ 2.78 bn2021: €2.06bn
Revenue growth 1, 2
27.4 %1 At constant currency.
2 Organic growth: 8.0% at constant currency, excluding Scholle IPN and Evergreen Asia acquisitions
Adjusted EBITDA margin
23.5 %2021: 27.7%
An expanding global presence
The acquisitions made in 2022 continue a strategy of geographic expansion implemented over many years, which has increased the level of sales outside Europe from less than 25% in 2008 to around 70% today on a pro-forma basis.
€ 697 m+66.4%1
€ 849 m+15.9%1
€ 900 m+19.1%1
€ 332 m+22.6%1
1 At constant currency.
2 At constant currency, excluding the impact of Scholle IPN acquisition
3 At constant currency, excluding the impacts of paper mill divestment and the Scholle IPN and Evergreen Asia acquisitions.
4 At constant currency, adjusted for the consolidation of the former Middle East joint ventures.
5 At constant currency, excluding the impact of the Scholle IPN acquisition and adjusting for the consolidation of the former Middle East joint ventures.