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

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

8 May
Jefferies...
2,730.00
Buy

10:00 18/07/2017
Broker Forecast - Jefferies International issues a broker note on Smurfit Kappa Group PLC
Jefferies International today reaffirms its buy investment rating on Smurfit Kappa Group PLC (LON:SKG) and raised its price target to 2635p (from 2550p). Story provided by StockMarketWire.com

09:10 27/07/2017
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 raised its price target to 2650p (from 2460p). Story provided by StockMarketWire.com

12:40 12/09/2017
Broker Forecast - Goldman Sachs issues a broker note on Smurfit Kappa Group PLC
Goldman Sachs today upgrades its investment rating on Smurfit Kappa Group PLC (LON:SKG) to buy (from neutral) and raised its price target to 2750p (from 2600p). Story provided by StockMarketWire.com

23 Oct
Jefferies...
2,635.00
Buy

Notice of Results
BUS
Notice of Results
Smurfit Kappa Group PLC

Announcement Date for 2017 Third Quarter Results
SKG:ID


SKG:LN

Dublin, London, 20 October, 2017: Smurfit Kappa Group plc (SKG or the Group), one of the worlds largest integrated manufacturers of paper-based packaging products, with operations in Europe and the Americas, announces it will release 2017 third quarter results on Wednesday, 01 November 2017 at 07.00 GMT (02.00 ET).
The Groups management team will host a conference call for analysts and institutional investors at 10.00 GMT (05.00 ET) on this date.

Third quarter results

Third Quarter and First Nine Months Key Points
Group revenue growth of 4% for the third quarter and year-to-date
Continued box price progression in the third quarter
Increased sequential EBITDA margin of 15.1%
Solid free cash flow delivery of 152 million for the quarter
Acquisitions in Russia and Greece, expanding the Groups packaging footprint

2 Nov
Numis
2,600.00
Add
2 Nov
Deutsche Bank
2,650.00
Buy
2 Nov
Jefferies...
2,635.00
Buy

10:10 27/11/2017
Broker Forecast - Jefferies International issues a broker note on Smurfit Kappa Group PLC
Jefferies International today reaffirms its buy investment rating on Smurfit Kappa Group PLC (LON:SKG) and raised its price target to 2930p (from 2635p). Story provided by StockMarketWire.com

29 Jan
Numis
2,800.00
Add

Final results

Sharecast - a note on packaging and paper.



Goldman said it likes Smurfit in the packaging space, along with Mondi, which had been trading up earlier. The bank said it expects Smurfit and Mondi to benefit from already achieved price increases throughout 2017 and continuous solid demand.
"Smurfit Kappa Group and DS Smith, two of the biggest box producers in Europe are targeting box prices after rising input costs through 2017 caused margin contraction. At 4Q results, Smurfit highlighted it had achieved a 5% box price increase and remained confident in achieving the 6%-8% it guided for earlier in 2017.
"DS Smith is targeting an 8%-10% increase and had achieved around 3.5% at 1H18 results and price increases are progressing in line with expectations. We expect the recovery to continue in 1H18 and drive a margin expansion in 2018 as producers benefit from already achieved box prices and get additional gains in 1H18 contract negotiations."

Smurfit Kappa rejects 'opportunistic' takeover bid from International Paper Company
StockMarketWire.com
Packaging group Smurfit Kappa said it had rejected a takeover proposal from International Paper Company, claiming that it under-valued the company.

'The proposal fails entirely to reflect the group's strong growth prospects and attractive industry outlook,' Smurfit Kappa said.

Smurfit Kappa did not provide details of the offer, other than to state that it involved a combination of cash and a minority holding in the combined business.

The bid would involve our shareholders receiving a high proportion of their consideration in the form of International Paper's shares, it added.



Story provided by StockMarketWire.com

:-))