Smurfit Kappa exceeds analyst expectations with 11% revenue growth and agrees €360m Verzuolo acquisition

Pre-tax profits at the packaging giant increased 8 per cent to €413 million

28th July, 2021
Smurfit Kappa exceeds analyst expectations with 11% revenue growth and agrees €360m Verzuolo acquisition
Tony Smurfit, the Smurfit Kappa chief executive: Goodbody analysts said demand was ‘stellar’ at Smurfit Kappa Group as the firm reports 10 per cent increase in volumes in the first half of 2021. Picture: RollingNews.ie

Smurfit Kappa Group plc, the packaging giant, announced half-year results total revenues of €4.679 billion in the first half of 2021, an increase of 11 per cent when compared to the same period in the first half of 2020 (€4.203 billion).

Earnings before interest taxes depreciation and amortisation (EBITDA) for the second quarter of the year totalled €395 million, which was “modestly ahead” of estimates at Goodbody, the financial analysst, which had predicted €390 million for this period....

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