29th July 2020 | Smurfit Kappa Group plc (‘SKG’ or ‘the Group’) announced results for the 6 months ending 30 June 2020.
First Quarter Overview
- Strong performance against key metrics
- EBITDA of €735 million, with an EBITDA margin of 17.5%
- Free cash flow of €238 million
- ROCE of 14.8%
- Leverage of 2.1x
- Dividend payment of 80.9 cent per share
“We are very pleased to report another strong performance across all our key metrics for the first half of 2020. Our EBITDA of €735 million with a margin of 17.5%, together with strong free cash flow of €238 million, demonstrate the strength of the Group.
“I remain incredibly proud of the entire SKG team who have delivered these results against the backdrop of COVID-19, which created an extremely challenging operating environment. Our key priorities have been, and continue to be, the health, safety and well-being of our 46,000 employees and the continuity of supply to our 65,000 customers. The strength and scale of our integrated system and our supply chain expertise meant we were able to ensure the continuity of supply of essential products for everyday life across multiple sectors. We are again proving that our business model, geographic diversity and our commitment to innovation and sustainability continue to deliver.
“Our European business performed strongly in the first six months with an EBITDA margin of 17.6% and flat corrugated box volumes. READ MORE