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Smurfit Kappa Group PLC (SKG.L)

SKG.L on London Stock Exchange

3,010.00GBp
11:35am EDT
Change (% chg)

-88.00 (-2.84%)
Prev Close
3,098.00
Open
3,070.00
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3,074.00
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2,998.00
Volume
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596,160
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Latest Key Developments (Source: Significant Developments)

Smurfit Kappa Says Plans To Deliver Medium-Term ROCE Target Of 17 Pct
Wednesday, 7 Feb 2018 04:40am EST 

Feb 7 (Reuters) - Smurfit Kappa Group Plc ::REG-SMURFIT KAPPA GROUP PLC STATEMENT RE MEDIUM-TERM OUTLOOK.‍OBJECTIVE TO INVEST EUR 1.6 BILLION ABOVE MAINTENANCE CAPITAL EXPENDITURE BETWEEN 2018 AND 2021​.‍PLANS TO DELIVER A MEDIUM-TERM ROCE TARGET OF 17%​.‍REVISED MEDIUM-TERM TARGET LEVERAGE RANGE OF 1.75X TO 2.5X NET DEBT TO EBITDA​.  Full Article

INTERVIEW-Smurfit Kappa CEO sees wage pressures growing as Europe recovers
Wednesday, 7 Feb 2018 03:31am EST 

Feb 7 (Reuters) - Smurfit Kappa Group Plc ::SMURFIT KAPPA CEO SAYS EXPECTS ANOTHER YEAR OF EARNINGS GROWTH IN EUROPE, ALL THE MOOD MOUSIC IS POSITIVE.SMURFIT KAPPA CEO SAYS INFLATION IN OUR WAGE RATES, COSTS IN GENERAL IS SOMETHING THAT IS VERY SIGNIFICANT.SMURFIT KAPPA CEO SAYS WAGE INCREASES MORE ABOUT AVAILABILITY OF LABOUR AT THE MOMENT, SEEING LEAD TIMES INCREASING.SMURFIT KAPPA CEO SAYS AS EUROPE RECOVERS, SKILLS SHORTAGES ARE GOING TO BE A BIG ISSUE.  Full Article

Smurfit Kappa FY earnings steady after 10 pct Q4 increase
Wednesday, 7 Feb 2018 02:00am EST 

Feb 7 (Reuters) - Smurfit Kappa Group Plc ::SMURFIT KAPPA - FY REVENUE UP 5 PERCENT Y/Y TO 8.562 BILLION EUR, Q4 REVENUE UP 7 PERCENT.SMURFIT KAPPA - Q4 EBITDA MARGIN IMPROVED Q/Q, Y/Y TO 15.9 PERCENT, FINAL DIVIDEND UP 12 PERCENT TO 64.5 EURO CENT PER SHARE.SMURFIT KAPPA - FY EBITDA 1.240 BILLION EUR VERSUS 1.236 BILLION EUR YEAR AGO, Q4 EBITDA UP 10 PERCENT.SMURFIT KAPPA - FY INCREASE IN EXCESS OF 120 MILLION EUR IN RECOVERED FIBRE COSTS, HIGHER RAW MATERIAL COSTS, FX MOVEMENTS.SMURFIT KAPPA CEO SAYS VERY STRONG PROGRESSION IN EUROPEAN BUSINESS IN Q4, AMERICAS BELOW EXPECTATIONS.SMURFIT KAPPA CEO SAYS CONTINUE TO EXPERIENCE CURRENCY VOLATILITY, WAGE INFLATION, HIGHER ENERGY AND OTHER INPUT COSTS.SMURFIT KAPPA CEO SAYS 2018 HAS SEEN CONTINUATION OF GOOD DEMAND IN EUROPE, FURTHER INPUT COST RECOVERY, SIGNS OF IMPROVEMENT IN AMERICAS.  Full Article

Smurfit Kappa sees FY EBITDA in line with market expectations
Wednesday, 1 Nov 2017 03:00am EDT 

Nov 1 (Reuters) - Smurfit Kappa Group Plc :Smurfit Kappa - group revenue growth of 4% for the third quarter and year-to-date; increased sequential EBITDA margin of 15.1% in q3.Smurfit kappa - recovered fibre cost pressures remained, resulting in a headwind of almost €40 million for the quarter and €111 million ytd compared to 2016.Smurfit Kappa - expect to deliver a full year EBITDA in line with current market expectations and will enter 2018 with optimism and good momentum.Smurfit KAPPA - reported third quarter EBITDA in Europe was up 3% year-on-year; in the Americas, EBITDA decreased 8% y/y.  Full Article

Interview-Smurfit Kappa CEO still sees FY earnings ahead of last year
Wednesday, 2 Aug 2017 04:00am EDT 

Aug 2 (Reuters) - Smurfit Kappa Group Plc :Smurfit Kappa CEO says should see further recovery of margins in Q3, Q4 and into Q1 of next year.Smurfit Kappa CEO says doesn't necessarily see any further increases in raw materials, but could be wrong.Smurfit Kappa CEO says working assumption is that earnings will be higher this year versus last year.  Full Article

Smurfit Kappa Q2 earnings fall 7 pct y/y on "unprecedented" input costs
Wednesday, 2 Aug 2017 02:07am EDT 

Aug 2 (Reuters) - Smurfit Kappa Group Plc :Q2 revenue up 3 percent y/y to 2.1 billion euros, revenue in H1 up 5 percent to 4.23 billion euros.Q2 EBITDA down 7 percent to 292 million euros, margin 13.9 percent versus 13 percent in Q1, 15.3 percent year ago.Kraftliner demand robust with additional 50 eur per tonne price increase in Q3.Containerboard price increases feeding through to corrugated price recovery.Interim dividend increased by 5 percent to 23.1 euro cents per share.In process of recovering "continued and unprecedented" input costs in 2017, 2018.Well positioned to translate today's market conditions into improved earnings in 2017 and beyond.  Full Article

Pöyry gets detail engineering services assignment from Smurfit Kappa for machine modification
Friday, 19 May 2017 03:00am EDT 

May 19 (Reuters) - POYRY OYJ :PÖYRY AWARDED DETAIL ENGINEERING SERVICES ASSIGNMENT FOR THE MODIFICATION OF PAPER MACHINE 1 AT ROERMOND, NETHERLANDS.SMURFIT KAPPA AWARDED PÖYRY WITH DETAIL ENGINEERING SERVICES ASSIGNMENT FOR MODIFICATION OF PAPER MACHINE 1 AT ROERMOND, NETHERLANDS.VALUE OF ORDER IS NOT DISCLOSED.ORDER WAS RECOGNISED WITHIN INDUSTRY BUSINESS GROUP ORDER STOCK IN H1/2017.  Full Article

Smurfit Kappa Q1 revenue up 6 pct, expects higher margins on pricing
Friday, 5 May 2017 02:06am EDT 

May 5 (Reuters) - Smurfit Kappa Group Plc :Q1 revenue up 6 percent year-on-year to 2.13 billion euros (3.7 percent on a days adjusted basis).Q1 EBITDA down 1 percent year-on-year to 278 million euros, margin of 13 percent versus 14 percent a year ago.Containerboard price rises in Europe and Americas implemented and continue to be increased.Q1 results against backdrop of significant recovered fibre cost inflation of around 30 million eur y/y reflects.CEO says expects improved margins as paper price increases translate into higher box prices.CEO says increasingly well positioned to capitalise on positive pricing environment in 2017.  Full Article

Smurfit Kappa CEO expects some acquisitions this year, nothing major
Wednesday, 8 Feb 2017 03:31am EST 

Smurfit Kappa Group Plc : Smurfit Kappa ceo says would expect to make a couple of acquisitions this year, nothing major Further company coverage: [SKG.I] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Smurfit Kappa FY EBITDA up 5 pct despite "significant headwinds"
Wednesday, 8 Feb 2017 02:08am EST 

Smurfit Kappa Group Plc : Smurfit Kappa - FY EBITDA up 5 percent to 1.23 billion eur, Q4 ebitda down 2 percent to 320 million eur . Smurfit Kappa - final dividend increased by 20 pct to 57.6 cent per share . Smurfit Kappa says earnings growth delivered despite significant headwinds of higher raw materials, FX impacts . Smurfit Kappa - from a demand perspective, the year has started well across most areas of our business .Smurfit Kappa - recently announced paper price increases should translate with the customary time lag into higher box prices.  Full Article

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