Smurfit Kappa revenues slip as Irish giant prepares for merger PACKAGING Irish packaging giant Smurfit Kappa saw profit before income tax drop 18 per cent last year, as the firm prepares to merge into one of the largest packaging companies in the world. In the FTSE 100 firm’s full year results for 2023, it revealed that revenue had dropped 12 per cent, from €12.8bn in 2022 [...]
Smurfit Kappa share price rises as decline in box demand continues to slow Smurfit Box demand in the third quarter was around two per cent behind 2022 levels versus seven per cent and -five per cent in the first and second quarters, respectively
Smurfit Kappa looks to ditch London as it plots merger with US rival West Rock Retail Irish packaging giant Smurfit Kappa has confirmed it is in advanced discussions to merge with US rival West Rock.
Smurfit Kappa reaches deal on mega-merger with US rival WestRock in move away from London September 12, 2023 London-listed Smurfit Kappa will form one of the world’s largest packaging companies as it announced a multi-billion tie-up with US rival WestRock. The Ireland-headquartered business said that the merger would create a giant with around 34 billion US dollars (£27 billion) in combined revenue last year. The deal will help Smurfit break into the US [...]
Smurfit Kappa packages up revenue growth as it offloads cost inflation to customers November 2, 2022 Smurfit Kappa posted growth in revenue and profit for the first nine months of 2022 as it offloads higher prices onto customers. The packaging firm saw revenue jump 33 per cent to €9.72bn, while EBITDA grew by 43 per cent to €1.76bn. Smurfit Kappa chief Tony Smurfit said the company had recovered significant cost inflation [...]
Smurfit Kappa wraps up full-year with €913m profit and dividend hike February 9, 2022 Packaging giant Smurfit Kappa has reported full-year profits before income tax of €913m, a 22 per cent boost on last year.
Smurfit Kappa Group increases dividend payment February 10, 2021 Packaging company Smurfit Kappa Group (SKG) has increased its final dividend to eight per cent, which the company said reflected the board’s confidence about SKG’s future. The packaging company has also repaid all money it received from government support schemes relating to the pandemic. SKG saw revenue of €8.5bn in its 2020 financial year, down [...]
FTSE 100 close: London markets mixed as weaker pound helps offset fears over China September 7, 2023 The FTSE 100 climbed 0.1 per cent to trade at 7,434.79 although the FTSE 250 remained in negative territory, down 0.1 per cent at 18,425.43.
Smurfit Kappa taps investors for €650m to accelerate sustainability and e-commerce growth November 19, 2020 Packaging manufacturer Smurfit Kappa has announced plans to tap investors for €650m to accelerate its growth plans amid a surge in demand for online retail. The company this evening launched an equity raise, saying it had identified €1.2bn to €1.4bn of investment opportunities, including in sustainable packaging and e-commerce, to increase its competitive advantage. The FTSE [...]
FTSE 100 live: No Friday feeling for London index as banks follow Natwest to dip into negative territory April 28, 2023 London’s blue chip FTSE 100 index was trading flat, down 16 points at 7,815.94, as banks led the fall in the last day of trade before the May bank holiday. Despite better than expected profits Natwest shares fell 5.58 per cent. Michael Hewson chief market analyst at CMC Markets said: “When NatWest reported its full-year [...]