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Smurfit Kappa Group (SKG)

Share Price:
Up 2,446.00p
Change Today:
12.00p
Market Cap:
5,814m

Smurfit Kappa Q1 earnings rise 25% on higher prices

03 May 19

LONDON (ShareCast) - (Sharecast News) - Packaging maker Smurfit Kappa said higher corrugated pricing and demand growth helped first quarter earnings rise 25% to €424m (363m).
Revenue rose 7% to €2.3bn as the company said it was confident of another year of progress. The company also reported an earnings before interest, tax, depreciation and amortisation margin of 18.3% during the period.

In Europe, first quarter organic corrugated volume growth was 2% year-on-year, against a strong 2018 comparison, with corrugated pricing in line with expectations, the company said.

In the Americas, organic volume growth was 3% year-on-year with "especially pleasing performances in our three largest countries: Colombia, Mexico and the US" it added.

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Market Data

Currency UK Pounds
Price 2,446.00p
Change Today 12.00p
52 Week High 3,292.00p
52 Week Low 1,934.00p
Volume 257,758
Shares Issued 237.68m
Market Cap 5,814m

Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 11-Apr-19
Paid 25-Oct-19 10-May-19
Amount 27.90¢ 72.20¢