Annual Report 2024

The image features a woman drinking from a SIG package, likely in a park or forest setting, as she is surrounded by trees.

Annual Report 2024 20 24

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Chairman and CEO statement

“We continue to develop the business organically along geographies, categories and channels leading to market share gains across our portfolio.”

Chairman and CEO statement
  • Andreas Umbach Chairman
  • Samuel Sigrist Chief Executive Officer

Our 2024 results

Financial highlights Non-financial highlights

In 2024, SIG continued to outperform the market and gain share, demonstrating the resilience of our business model and strategy despite a challenging economic environment, particularly for consumers.

  • Revenue
    € 3.33 bn
    2023: €3.23bn
    Nutritious food delivered in SIG packaging (liters)1
    16.4 bn
    2023: 15.5bn 1 Defined by the independent Health Star Rating System, as food and drinks that contribute to a balanced diet and lead to better health healthstarrating.gov.au.
  • Revenue growth at constant currency
    4.3 %
    2023: 18.5%
    Food packed with SIG Terra packaging materials1 (liters packed)
    1,683.6 m
    2023: 1,544.2m 1 Our SIG Terra portfolio showcases our most sustainable innovations – including aseptic cartons with no aluminum layer, polymers linked to forest-based and recycled materials (via an independently certified mass balance system) and recycle-ready bag-in-box and spouted pouch solutions.
  • Adjusted EBITDA
    € 820 m
    2023: €803m
    Food packed with SIG Terra packaging materials
    (% of total liters packed in SIG packs)
    5.5 %
    2023: 5.3%
  • Adjusted EBITDA margin
    24.6 %
    2023: 24.9%
    Scope 1 and 2 greenhouse gas emissions (thousand metric tons of CO2 equivalent)1
    20.1
    2023: 19.5 1 All Scope 1, 2, and 3: Retrospective adjustment of emission factors 2020-2023.
  • Adjusted net income
    € 308 m
    2023: €318m
    Renewable energy for production
    100 %
    2023: 100%
  • Adjusted EPS diluted
    € 0.81
    2023: €0.83
    Total recordable case rate1
    (per 200,000 hours worked)
    0.63
    2023: 0.80 1 Total recordable cases include medical treatment and restricted work cases as well as lost-time cases.
  • Free cash flow
    € 290 m
    2023: €219m
    Area of improved forest management targeted by our WWF partnership projects
    330,000 ha
    2023: 100,000ha
  • Leverage
    2.6 x
    2023: 2.7x
    EcoVadis rating
    Platinum
    Platinum with a record score of 96/100 in 2024
    vs Platinum with score of 86/100 in 2023
  • ROCE1
    26.6 %
    2023: 27.3% 1 Based on standard 30% tax rate.
    Women in leadership
    25 %
    2023: 25%
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An expanding global presence

We continue to develop the business organically along geographies, categories and channels, leading to market share gains across our portfolio.

  • Americas
    € 889 m
    +0.8%1
  • Europe
    € 1,045 m
    +6.2%1
  • APAC
    € 938 m
    +1.6%1
  • IMEA
    € 456 m
    +13.4%1
  • Americas
  • Europe
  • APAC
  • IMEA

1 Constant currency.

Regional review

Our value creation model

We have a multi-faceted growth strategy which aims to deliver above market growth and best in-class profitability. The strategy builds on our strong technology platform and commercial footprint, and the attractive end-markets in which we operate.

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