Packaging Firm Smurfit Kappa Sees EBITDA Increase 27% In First Half
Packaging giant Smurfit Kappa has said that its EBITDA rose by more than 27% in the first half of its financial year, to €724 million, with its half-year performance boosted by the acquisition of Reparenco at the start of July.
EBITDA margin for the period was 16.4%, which chief executive Tony Smurfit attributed to the quality of the group’s assets, its geographic reach, and its market positioning.
“SKG's integrated business model and a performance-led culture continue to drive demonstrably superior returns,” Smurfit commented.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!