SIG Posts 8.6% Growth In Revenue In First Half
Packaging giant SIG has reported 8.6% growth in core revenue (at constant currency) in the first half of its financial year ended 30 June 2020, partly driven by stock-building among customers, retailers and consumers.
The company reported revenue growth across all divisions, with the Americas region seeing a 16.4% increase (at constant currency) followed by EMEA at 7.8% and APAC at 7.0%.
Adjusted EBITDA for the period increased by 5% to €215.7 million, while EBITDA margin declined to 25.1%, from 25.6% in the first half of 2019.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!