By Nina Kienle

SIG Group posted lower profit but higher revenue for the fourth quarter in a difficult economic environment.

The Swiss packaging manufacturer on Tuesday posted net profit of 64.4 million euros ($67.4 million) for the period, down from 106.3 million euros in the prior-year period.

Revenue rose to 930.7 million euros from 891.0 million euros. "Revenue growth at constant currency and constant resin--which is a material cost passed on to customers--was 3.9%."

Adjusted earnings before interest, taxes, depreciation, and amortization rose to 244.1 million euros from 221.3 million euros, with a margin at 26.2%.

For the full year, revenue growth from the carton business at constant currency was 6.0% with strong volume growth despite subdued end-markets, SIG said.

The company proposed a dividend of 0.49 Swiss francs (55 cents), up from 0.48 francs the prior year.

"In 2024, SIG continued to outperform the market and gained share in its carton portfolio, demonstrating the resilience of our business model and strategy despite a challenging economic environment, particularly for consumers," Chief Executive Samuel Sigrist said.

For 2025, the company expects a similar market environment. Revenue growth at constant currency and constant resin is expected to be within the 3% to 5% range. The adjusted Ebitda margin is expected to be within a 24.5% to 25.5% range. Both figures are expected to be weighted to the second half of the year due to seasonality, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

February 25, 2025 03:06 ET (08:06 GMT)

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