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Smurfit Kappa Group (SKG)

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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 2,736.00p
Change Today 18.00p
52 Week High 2,966.00p
52 Week Low 2,096.00p
Volume 290,802
Shares Issued 237.89m
Market Cap 6,509m


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