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Latest results

31st October 2018: Smurfit Kappa Group plc announced a trading update for the 9 months ending 30 September 2018.

First Nine Months Overview – Delivering continued and significant year-on-year improvement

  • Group underlying revenue growth of over 7% year-on-year
  • Group pre-exceptional EBITDA growth of 27% year-on-year to €1,130 million
  • EBITDA margin at 16.9%, a 290 bps improvement over the same period in 2017
  • Net debt to EBITDA at 2.1x
  • Agreement to acquire high quality integrated packaging operations in Serbia
  • Full-year outcome materially better than 2017

Performance Review
Smurfit Kappa Group continues to deliver a very strong performance. The Group has implemented commercial initiatives and has experienced continued demand growth across most markets. The outcome reflects corrugated price recovery initiatives, the continued benefit of our capital investment programmes and lower average recovered fibre costs, largely offset by higher energy, labour, logistics and other raw material costs together with a negative currency translation impact. Read more