Smurfit Kappa Revenues Surged 36% in First Half 2022

SEATTLE (Scrap Monster): Smurfit Kappa Group plc declared robust results for the first half of the current year.

The company reported revenue growth of 36% to €6,385 million. The EBITDA grew by 50% to €1,174 million, with an EBITDA margin of 18.4%. Both regions reported strong performance during H1 this year. The Europe region reported EBITDA of €926 million with an EBITDA margin of 18.7%, whereas the Americas reported EBITDA of €271 million with an EBITDA margin of 18.8%. Also, Smurfit Kappa witnessed 2.5% box volume growth over the previous year.

Tony Smurfit, Group CEO commented that the strong performance was the result of the many actions the company have taken over a number of years, including significant customer-focused investments and selective acquisitions. During the first half of 2022, the company successfully overcame several challenges including sharply increasing input costs, logistics and supply chain constraints, COVID-19 disruption and the impact of the war in Ukraine, he added.

During this period, the company announced completion of acquisition of two corrugated converting operations in the UK and Argentina and the development of its new Morocco corrugated operation.

YOU MAY ALSO BE INTERESTED IN:

Smurfit Kappa Completed Key Investment Project at Zulpich Paper Mill

Smurfit Kappa Decided to Upgrade Mexican Sheet Plant