SIG Combibloc Group AG to Acquire Schoelle IPN to Broaden Leadership in Sustainable Packaging Systems and Solutions Call Transcript
Welcome. Today, it is my pleasure to present the Scholle IPN acquisition to you. Before I do that, I would like to say a few words about SIG and our strategy.
SIG's system-based business model delivers high-quality aseptic packaging solutions, and we are at the heart of our customers' operations. We enjoy a high degree of customer loyalty, which is further underpinned by our focus on innovation and sustainability. This has put us at the forefront in developing the most sustainable packaging solutions.
Since our IPO, we have successfully grown sales and profits. 2021 has confirmed the trajectory, as you can see from the strong preliminary results we announced this morning. Like-for-like core revenue growth was up 6.6% for the year at constant exchange rates. This is above our guidance range of 4% to 6%. Our adjusted EBITDA margin expanded to 27.7% from 27.4%. These results testify not just to our resilience, but also to the momentum of the business despite the pandemic and despite raw material price
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