By Adria Calatayud

Switzerland's SIG Group said it expects revenue growth and profitability for the full year to be at the lower end of its previous expectations, after tough market conditions hurt its performance in the second quarter.

The packaging company said Tuesday that it now expects full-year revenue growth in the lower half of its 3% to 5% range, with an adjusted earnings before interest, taxes, depreciation and amortization margin at the lower end of its previous outlook of 24.5% to 25.5%. The company's guidance excludes currency movements and resin costs that are passed on to customers.

"As expected in the first half of the year, market conditions remained subdued driven by lower consumer purchasing power," SIG Chief Executive Samuel Sigrist said.

For the second quarter, SIG reported revenue of 832.6 million euros ($965 million), down from 851.7 million euros in the year-earlier period. Revenue grew 1.6% when excluding currency and resin costs, it said.

The company's quarterly adjusted Ebitda fell to 205.6 million euros from 214.3 million euros, with a margin that declined to 24.7% from 25.1%, it said.

For the first half as a whole, SIG made a net profit of 91 million euros, up from 84.9 million euros.

Shares in SIG were up 0.8% in early European trade.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

July 29, 2025 03:17 ET (07:17 GMT)

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