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SIG Annual Financial Statements 2006 SIG Annual Financial Statements 2006: double-digit growth in net sales: +12%; strong increase in net profit: +53%; operational success as a result of determined strategy implementation SIG can look back on a successful business year 2006. The group grew faster than the market and, at the same time, succeeded in disproportionately increasing its net profit. This success can be attributed primarily to the determined implementation of the fully unfolding growth strategy. Moreover, SIG has capitalized on the globally positive economic environment. In the year under report, the Group’s net sales grew by 12% to reach EUR 1 349 million (2005: EUR 1 207 million). Thus, the rate of growth of the first half (+12%) continued unabated. Despite further price increases for raw materials and continued price pressures, operating profit (EBIT) rose significantly thanks to the successful implementation of the cost reduction initiatives: prior to one-time items, it climbed by 42% to EUR 108 million (2005: EUR 76 million). Including one-time items, EBIT grew by 34% to EUR 90 million (2005: EUR 67 million). Net profit also developed reassuringly, increasing by 53% to EUR 66 million (2005: EUR 43 million). Overall, this past business year validated the ambitious targets for 2006, announced during the media and analysts conference of last October. In view of this satisfactory course of business, the Board of Directors will propose to the General Meeting the distribution of a dividend amounting to CHF 5.- per registered share. The Board of Directors, however, reserves the right to revert to its proposal should this appear necessary or pertinent in the context of the currently pending takeover offers. In particular, the Board of Directors reserves the right to withdraw the dividend proposal, or to submit a proposal whereby the dividend will only be paid out if no public purchase offer has been completed by a given date. The strong growth trend is likely to continue in the coming years. Only 2007 may develop less dynamically in terms of net sales as the long-expected partial substitution of cartons by PET in Germany’s juice market will probably become more discernible in the course of the ongoing business year. EBIT and net profit are expected to again increase.  Download press release including key figures (PDF, 58kB) For further details, please contact: SIG Holding AG, CH-8212 Neuhausen am Rheinfall/Switzerland Marco Haussener, Chief Financial Officer: Tel. +41 (0)52 674 75 65 or Thomas Werder, Corporate Communications/Investor Relations: Tel.: +41 (0)52 674 63 06 Fax: +41 (0)52 674 65 56 E-Mail: thomas.werder@sig.biz SIG is a global provider of packaging solutions.Its product range includes the manufacture of cartons for beverages and food products, as well as machinery for the aseptic and non-aseptic filling of packages (SIG Combibloc division). In the PET sector, equipment for the production, coating and filling of plastic bottles completes the product spectrum (SIG Beverages division). In 2006, the approximately 4,675 employees generated annual net sales (continuing business) of EUR 1,349 billion. The company has its registered office in Neuhausen am Rheinfall ( Switzerland) and the SIG share is listed on the Swiss Exchange SWX (SIGN, security no. 1202249). Cautionary statement regarding forward-looking statements This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond SIG’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in SIG’s past and future filings and reports filed with the SWX Swiss Exchange and the U.S. Securities and Exchange Commission and posted on our websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication.SIG disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise. News overview >> |
