Latest results

27 July 2022 | Smurfit Kappa announces results for the half year ending 30 June 2022.

Key Points:

  • Revenue growth of 36% to €6,385 million
  • EBITDA growth of 50% to €1,174 million with an EBITDA margin of 18.4%
  • EPS growth of 85% to 221.9 cent
  • ROCE of 19.3%
  • Interim dividend increased by 8% to 31.6 cent per share

Performance Review and Outlook

Tony Smurfit, Group CEO, commented:

“I am pleased to report a strong first half performance with revenue growth of 36%, EBITDA of €1,174 million, an EBITDA margin of 18.4%, EPS growth of 85% and ROCE of 19.3%.

“Our strong performance is a result of the many actions we have taken over a number of years. These actions include significant customer-focused investments to meet growth, providing the most innovative and sustainable paper-based packaging in the marketplace and selective acquisitions ensuring security of supply to our customers.

“In the first half of 2022, we have overcome many challenges including sharply increasing input costs, logistics and supply chain constraints, COVID-19 disruption and the impact of the war in Ukraine. SKG's integrated model, our geographic diversity, our continued focus on efficiency through investment and our bespoke business applications, have enabled us to offset these challenges together with paper and corrugated price recovery.

“I am especially proud of the tremendous efforts of our people who continue to deliver for our customers under these circumstances. Our performance-led culture has allowed us to go from strength to strength, building on our leadership position in the markets in which we operate.

“Both our regions performed strongly during the first six months, with Europe reporting EBITDA of €926 million with an EBITDA margin of 18.7% and the Americas reporting EBITDA of €271 million with an EBITDA margin of 18.8%. Box volume growth for the first six months versus last year was 2.5%. 

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Download H1 2022 Results Presentation