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Smurfit Kappa reports sales and Ebitda growth

06 May 2019 − 

In the first quarter of 2019, Smurfit Kappa Group (SKG)'s Ebitda increased by 25 per cent year-on-year to €424m, the company announced in a trading update.

Sales went up by 7 per cent to reach €2,32m. The improved result reflects higher corrugated pricing, demand growth, focus on cost efficiencies and the benefits of the company’s capital programme, said the company in its Q1 trading update.

In Europe, SKG’s first quarter organic corrugated volume growth was 2 per cent year-on-year, with corrugated pricing in line with expectations. In the Americas, organic volume growth was 3 per cent year-on-year with especially good performances in Colombia, Mexico and the US.

During the first quarter, SKG also completed acquisitions in Bulgaria and Serbia, further expanding its geographic reach.    

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