SIG Q1 Report 2023

Q1 2023 business highlights Price increases underpinning margin improvement

Solid revenue performance
Price increases recovering cost inflation
Strong contribution from acquisitions, notably bag-in-box

Revenue € 729.0 million

+44.5% constant currency
+6.9% organic(1) constant currency
+46.8% reported

Adjusted EBITDA

€ 175 million (Q1 2022: € 119 m)
Adjusted EBITDA margin
24.0% (Q1 2022: 23.9%)