31st July 2019 | Smurfit Kappa Group plc announced results for the 6 months ending 30 June 2019.
First Half Key Points
- Revenue growth of over 4%
- EBITDA of €847 million, up 17%, with a margin of 18.3%
- ROCE of 18.7%
- €190 million of acquisitions in Bulgaria, Colombia and Serbia
- Interim dividend increased by 10% to 27.9 cent per share
Performance Review and Outlook
Tony Smurfit, Group CEO, commented:
“I am pleased to report, for the first half of 2019, another set of excellent results. Revenue grew by 4% with EBITDA increasing to €847 million, up 17% on the prior year. The continued execution of our Medium-Term Plan together with our resilient business model allows us to continue to progress and deliver consistently excellent performance.
“During the first six months, our European business continued to perform strongly, delivering an increased EBITDA margin of 19.3%, up from 17.3% in the same period in 2018. Box volumes grew by approximately 2% on an organic basis, or 4% when including acquisitions.
“The Americas region continued to perform well, delivering an increased EBITDA margin of 17.1% up from 15.2% in the first half of 2018. Volumes grew by 3% in the first half. The region had especially strong performances in our larger markets of Colombia, Mexico and the US. Read more