A FTSE 100 Company.
Smurfit Kappa is one of the leading producers of paper-based packaging

We operate in 32 countries - 21 in Europe, and 11 in the Americas - with around 41,000 employees and third party sales revenue amounted to €7.9 billion in 2013.

We are an integrated producer, with our packaging plants sourcing the major part of their raw material requirements from our own paper mills. In turn, the sourcing of recovered fibre and wood for the mills is managed through a combination of our own reclamation and forestry operations and purchases from third parties.

We primarily produce corrugated packaging, with our operations supported by a strong network of containerboard mills. As the market leader in both regions, we are strongly focused on the needs of our customers, with a market driven approach aimed at optimising the value of the package. In addition to corrugated and containerboard, we have leading positions in several other market segments including solid board and solid board packaging and graphic board.

Our headquarters are in Dublin with regional headquarters in Paris (Europe) and Miami (the Americas).

We are

No. 1 European market position in corrugated packaging, containerboard, solid board and solid board packaging

No. 2 World market position for the production of corrugated packaging

We turnover

€7.9 billion sales revenue in 2013


We employ

41,000 people worldwide


We operate in

21 countries in Europe


11 countries in the Americas


We own

38 mills (27 produce containerboard)


231 packaging converting plants


47 recovered fibre facilities


32 other production facilities


104,000 hectares of Latin American forest plantations


http://www.smurfitkappa.com/vHome/com/Pages/Default.aspx

First quarter results


First Quarter Key Points
• Group corrugated packaging growth including acquisitions of 5% with solid underlying volume growth
• Growth of 6% in pre-exceptional EBITDA with improved margin at 14%
• Continued strong ROCE at 15.3%
• Successful completion of two major upgrades of paper machines in the Netherlands and Spain
• Announcement of �40 per tonne price increase in European brown kraftliner effective 15 June 2016
• Confirmation of upgrade to Sterling Premium UK listing with retention of euro denominated Irish listing

SKG's profit

StockMarketWire.com

Smurfit Kappa has improved its Q1 pretax profit by 31% to 128m euros, from 98m euros. Revenue was ahead 2% to 2bn euros, from 1.9bn euros.

CEO Tony Smurfit said the solid year-on-year earnings progression in the first quarter of 2016 with 6% EBITDA growth was driven by an improved operating performance and the positive impact of acquisitions in 2015.

"Our well invested, geographically diversified and vertically integrated operations will continue to provide us with a resilient platform to drive earnings and free cash flows," he said in a statement.

"We continue to see good levels of demand for packaging across almost all of the markets in which we operate. During the quarter, currencies had a distorting effect which on a like-for-like basis had a negative translation effect of almost 10 million on EBITDA.

"In addition, the rebuilds of our Roermond and Sanguesa mills adversely impacted profitability in the quarter. However, both projects will enhance our European systems cost position and commercial offering.

"Following the completion of over 380m euros of acquisitions in 2015, the Groups focus is on the successful integration of these businesses through 2016 with the capacity for further bolt-on acquisitions.

"Our capital investment programme of over 450m euros per annum supports our objective to deliver higher quality packaging and merchandising solutions to our global customers, while continually driving operational efficiencies through our integrated system."

HIGHLIGHTS:

- Group corrugated packaging growth including acquisitions of 5% with solid underlying volume growth

- Growth of 6% in pre-exceptional EBITDA with improved margin at 14% Continued strong ROCE at 15.3%

- Successful completion of two major upgrades of paper machines in the Netherlands and Spain

- Announcement of 40 euros per tonne price increase in European brown kraftliner effective 15 June 2016

- Confirmation of upgrade to Sterling Premium UK listing with retention of euro denominated Irish listing





Story provided by StockMarketWire.com

Broker Forecast - Deutsche Bank issues a broker note on Smurfit Kappa Group PLC

Deutsche Bank today reaffirms its buy investment rating on Smurfit Kappa Group PLC (LON:SKG) and cut its price target to 2160p (from 2340p). Story provided by StockMarketWire.com

Interims Wed 27 July

Half year report

26 Aug Deutsche Bank 2,160.00 Buy

2 Sep Goldman Sachs N/A Conviction Buy

Smurfit Kappa's Q3 revenue rises, on track to deliver record EBITDA
Wed, 2nd Nov 2016 08:18

(ShareCast News) - Ireland's Smurfit Kappa reported that third quarter revenue increased, while the corrugated packaging company remains on track to deliver record earnings before interest, tax, depreciation and amortisation (EBITDA) for the year.

For the quarter ended 30 September, revenue grew 1% to €2.05bn, or 6% on a constant currency basis, compared to the same period last year, with volume growth of 3%.

Revenues in Europe decreased by €42m, driven mainly by adverse currency moves, while in the Americas revenues rose by €68m.

EBITDA increased by 6% year-on-year to €323m, or 9% on a constant currency basis, with a margin of 15.7%, which was delivered against a backdrop of higher than expected recovered fibre input costs and adverse currency movements.

Basic earnings per share was up 22% to 56.4 cents.

The return on capital employed (ROCE) climbed 16.1%, exceeding its target.

The quarter also had a free cash flow of €164m, which resulted in net debt to EBITDA reduced to 2.4 times.

Overall corrugated packaging volumes grew 3% and in Europe volumes rose 2%.

In the Americas volumes increased 17% with organic volumes up 2%, excluding Venezuela. There was an improved performance across operations, which was offset by negative currency impacts on EBITDA of about €11m during the quarter.

Chief executive Tony Smurfit said: "SKG continues to meet and exceed its ROCE target and has delivered improved EBITDA margins. This strong result reflects the high quality of our globally diversified operating platform, performance led culture, and the strength of our people and assets.

"Today, the group is well positioned and invested in all its chosen markets. The strength of our cash flow will enable us to continue to invest to support profitable growth while sustaining an attractive dividend stream for our shareholders. We continue to invest to further improve the quality of our asset base, and we will make acquisitions where we identify compelling long term value for our shareholders while continuing to maintain our balance sheet strength."

Shares in Smurfit Kappa were up 2.73% to 1,808p at 0815 GMT.

Smurfit Kappa: Jefferies reiterates Hold with a target price of 2080p.

Notice of Results

BUS


Notice of Results

Smurfit Kappa Group PLC



Announcement Date for 2016 Fourth Quarter & Full Year Results

SKG.I SKG.L

Smurfit Kappa Group plc (SKG or the Group), one of the worlds largest manufacturers of paper-based packaging products, with operations in Europe and the Americas, announces it will release 2016 fourth quarter and full year results on Wednesday, 8 February 2017 at 07.00 GMT (02.00 EST).

The SKG senior management team will host a live presentation for analysts & institutional investors at 10.00 GMT (05.00 EST) on 8 February at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS.

Those who are unable to attend will have the opportunity to participate in the live event via conference call or webcast. Please see dial in details outlined below:

Notice of Results

BUS


Notice of Results

Smurfit Kappa Group PLC



Announcement Date for 2016 Fourth Quarter & Full Year Results

SKG.I SKG.L

Smurfit Kappa Group plc (SKG or the Group), one of the worlds largest manufacturers of paper-based packaging products, with operations in Europe and the Americas, announces it will release 2016 fourth quarter and full year results on Wednesday, 8 February 2017 at 07.00 GMT (02.00 EST).

The SKG senior management team will host a live presentation for analysts & institutional investors at 10.00 GMT (05.00 EST) on 8 February at the London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS.

Those who are unable to attend will have the opportunity to participate in the live event via conference call or webcast. Please see dial in details outlined below:

Market buzz -Smurfit Kappa topped the leaderboard for the Footsie after the paper and cardboard packaging company said it will hike the price of recycled containerboard by €60 a tonne.

Final results

Full Year Key Points
• Full year 2016 revenues on a constant currency basis up 5%
• 2016 EBITDA of �1,236 million, a new record for the Group
• Improved ROCE at 15.4%
• Continued good cash generation with free cash flow of �303 million
• Admission to FTSE 100 index effective 19 December 2016
• 7 year bond issuance of �500 million at 2.375% in January 2017
• Final dividend increased by 20% to 57.6 cent per share

23 Feb
Deutsche Bank
2,460.00
Buy

2 Mar
Jefferies...
2,480.00
Buy

7 Mar
Goldman Sachs
2,500.00
Buy

24 Apr
Goldman Sachs
2,425.00
Buy

Market Buzz
Smurfit Kappa discount from 'temporary' margin squeeze attracts Goldman
Mon, 24 April 2017



(ShareCast News) - Goldman Sachs recommended clients 'buy' Smurfitt Kappa on Monday after the shares fell by around 7% over the past month to open an attractive entry point, while Jefferies also rated the Irish packaging company highly.
Smurfit remained Goldman's top-pick in the European paper and packaging space, as although the market has become increasingly concerned about a margin squeeze, this "is temporary in our view" as box prices are expected to increase in the second half to enable margins to recover quickly.

Smurfit trades at an 26% discount to peers on a ratio of enterprise value to adjusted operating profits (EV/EBITDA), despite offering a 10.5% free cash flow yield, which is significantly above the 5.6% average for packaging peers.

Rivals DS Smith and Mondi are both rated 'neutral' by Goldman.

"A key risk to our packaging view is increased uncertainty in Europe related to the upcoming elections. Packaging is closely linked to economic growth and could come under pressure if uncertainty increases," Goldman said.

Analysts trimmed their London target price to 2,425p from 2,500p.

Jefferies, meanwhile, explained that the margin squeeze on Smurfit was from rising old corrugated containers (OCC) prices but that China's "National Sword" program aimed at improving quality of imported materials has led to imported Chinese old corrugated containers (OCC) prices falling 15%-20% over past month and hence European OCC prices easing 3% in the past fortnight.

EU containerboard prices have continued to grind higher despite easing OCC prices, but while this reduces raw material headwind for Europe's largest OCC buyers, Smurfit Kappa & DS Smith, easing OCC "might taint second round EU containerboard price hopes and box price hikes", Jefferies said.

Smurfit's quarterly results, the first of the peer group, are likely to provide an update on current price negotiations.

Jefferies, which has a 'buy' rating and a €23.4 target price on Smurfit, said it expected to see benefits from higher kraftliner given a net long position for both.

However analysts believe investors will focus on European testliner and kraftliner price hikes and the feed-through to higher box prices in the second half.

First quarter results

Friday 12 May Dividend 49.65p