Smurfit Kappa's Q3 Performance An Indication Of Firm's 'Financial Resilience', Says Analyst
A leading industry analyst has said that Smurfit Kappa's third quarter profit performance is a 'clear validation of its operational and financial resilience', as the packaging firm posted Q3 EBITDA of €390 million.
Commenting on the group's figures, Barry Dixon of Davy Stockbrokers, said, "That [Smurfit Kappa] can deliver all-time high margins in the teeth of a pandemic is impressive. That it is willing to reward shareholders and employees reflects the confidence in its financial position and the future.
"This is confirmed by its full year guidance, which seems typically prudent. The current valuation of the stock does not reflect this resilience or the improving dynamics in the industry."
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