Monday July 13, 2020

Smurfit Kappa bounces back to pre-tax profits of €677m

Packaging giant rebounds from €404m loss follows acquisitions and growing demand for environmentally friendly packaging

Daniel Murray

Business Reporter

@danieltmurray
5th February, 2020
Tony Smurfit said 2020 had “started well” in terms of demand. Picture: Maxwell

Smurfit Kappa recorded revenues of more than €9 billion in 2019 and pre-tax profits of €677 million, up from a €404 million loss the year before.

Europe’s leading corrugated paper packaging company said that it would be increasing its dividend for the year by 12 per cent, taking it to 80.9 cent a share.

The bumper year for the company comes following the 2018 acquisition of Reparenco, a Dutch paper and recycling business, and increasing global...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Thompson charged with fraud after he allegedly took combined $7m in bitcoin trades from two companies

Barry J Whyte | 1 day ago

Developer Johnny Ronan’s RGRE group earlier refused a rent holiday requested by the Campbell family, owners of the Grafton Street cafe

Róisín Burke | 1 day ago

The case between Irish company P&ID and the Nigerian government has been going on for years, but we may learn this week whether the current Nigerian administration will succeed in getting leave to appeal the judgment which relates to lost profits from a broken contract.

Daniel Murray | 1 day ago