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    SIGN   CH0435377954

SIG COMBIBLOC GROUP AG

(SIGN)
  Report
Delayed Quote. Delayed Swiss Exchange - 05/11 11:30:40 am
22.94 CHF   --.--%
05/04SIG COMBIBLOC  : Swings to Q1 Profit as Revenue Grows 15%
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05/04EQS-ADHOC  : SIG Combibloc Group AG: Strong Q1 -3-
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05/04EQS-ADHOC  : SIG Combibloc Group AG: Strong Q1 -2-
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SIG Combibloc Group AG: SIG to build new production plant in Mexico to realise further growth potential in North America

04/15/2021 | 01:03am EDT

EQS Group-Ad-hoc: SIG Combibloc Group AG / Key word(s): Expansion
SIG Combibloc Group AG: SIG to build new production plant in Mexico to realise further growth potential in North America

15-Apr-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


MEDIA RELEASE

15 April 2021
SIG Combibloc Group ("SIG")


SIG to build new production plant in Mexico to realise further growth potential in North America

SIG today announced that it will construct a new plant in Queretaro, Mexico to serve North American markets. The plant will further expand SIG's global production network and will enable the Company to build on its strong track record of growth in North America. Through its existing sales and service presence, SIG has been able to forge strong relationships with major dairies in Mexico, a large and growing milk market. In the USA, SIG has a well established co-manufacturing customer base and is ideally placed to serve innovative and expanding new categories.

SIG will invest around ?40 million in the new plant over the period 2021 - 2023. The investment will cover state-of-the-art production capacity for the printing, cutting and finishing of carton packs. The plant is expected to open in the first quarter of 2023 and will create around 200 jobs. It will have a highly flexible layout with a focus on ergonomics and the environment. Land and buildings will be financed through a long-term lease with an NPV of approximately ?20 million.

Ricardo Rodriguez, President & General Manager Americas, said: "We are very excited to announce this project which will enable us to serve our North American customers faster and more efficiently. Delivery lead times will be reduced and we will be able to respond rapidly to changes in demand. Our new plant will further drive growth in the region while demonstrating our commitment to the highest environmental standards."

 

Investor contact:

Jennifer Gough +41 52 543 1229
Director Investor Relations
SIG Combibloc Group AG
Neuhausen am Rheinfall, Switzerland
jennifer.gough@sig.biz

Media contact:

Lemongrass Communications
Andreas Hildenbrand +41 44 202 5238
andreas.hildenbrand@lemongrass.agency

About SIG
SIG is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business and we are going Way Beyond Good to create a net positive food packaging system.

Founded in 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,500 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2020, SIG produced 38 billion carton packs and generated ?1.8 billion in revenue. SIG has an AA ESG rating by MSCI, an 18.8 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit www.sig.biz.


Additional features:


File: SIG to build new production plant in Mexico 20210415

End of ad hoc announcement
Language: English
Company: SIG Combibloc Group AG
Laufengasse 18
8212 Neuhausen am Rheinfall
Switzerland
Phone: +41 52 674 61 11
Fax: +41 52 674 65 56
E-mail: info@sig.biz
Internet: www.sig.biz
ISIN: CH0435377954
Listed: SIX Swiss Exchange
EQS News ID: 1184908

 
End of Announcement EQS Group News Service

1184908  15-Apr-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1184908&application_name=news&site_id=zonebourse_sftp

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Sales 2021 2 041 M 2 478 M 2 478 M
Net income 2021 160 M 194 M 194 M
Net Debt 2021 1 401 M 1 701 M 1 701 M
P/E ratio 2021 45,7x
Yield 2021 2,12%
Capitalization 7 049 M 8 586 M 8 557 M
EV / Sales 2021 4,14x
EV / Sales 2022 3,81x
Nbr of Employees 5 500
Free-Float 89,0%
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 21,01 €
Last Close Price 20,88 €
Spread / Highest target 25,0%
Spread / Average Target 0,62%
Spread / Lowest Target -26,4%
EPS Revisions
Managers and Directors
NameTitle
Samuel Sigrist Chief Executive Officer
José Matthijsse President & General Manager-Europe
Frank Wilhelm Herzog Chief Financial Officer
Andreas Vicente Umbach Chairman
Ian Wood Chief Technology Officer
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