Smurfit Kappa Posted Corrugated Growth of 8% in 2021

SEATTLE (Scrap Monster):  Smurfit Kappa Group plc today reported results for the full year ending 31^st December, 2021.

Smurfit Kappa delivered yet another year of excellent performance. The company reported robust 18% revenue growth during the previous year. The EBITDA grew by 13% over the previous year to €1,702 million. The EBITDA margin stood at 16.8%. Also, the company reported corrugated growth of 8%.

Both the European and American businesses delivered excellent performances. The European business recorded EBITDA of €1,302 million at an EBITDA margin of 16.6%, while the Americas business recorded EBITDA of €441 million with an EBITDA margin of 19.5%, said the company press release.

Commenting on the results, Tony Smurfit, Group CEO noted that the company delivered good results despite unprecedented cost inflation. Over the past many years, the company has made significant investments, enabling it to deliver innovative, sustainable packaging solutions to meet customers’ needs. The company continues to see significant opportunities across its geographic footprint, he added.

The Board of Directors recommended 10% increase in the final dividend to 96.1 cent per share.

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