Smurfit Kappa Group Plc (LON:SKG – Get Rating) announced a dividend on Wednesday, February 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 13th will be paid a dividend of €1.08 ($1.17) per share on Friday, May 12th. This represents a yield of 2.75%. The ex-dividend date of this dividend is Thursday, April 13th. This […]
Smurfit Kappa Group Plc (LON:SKG – Get Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 2,546 ($30.76) and last traded at GBX 2,549 ($30.80), with a volume of 23005 shares traded. The stock had previously closed at GBX 2,687 ($32.47). Analysts Set New Price Targets […]
Shares of Smurfit Kappa Group Plc (LON:SKG – Get Rating) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target […]
Citigroup reissued their buy rating on shares of Smurfit Kappa Group (LON:SKG – Get Rating) in a research note released on Friday, MarketBeat reports. Citigroup currently has a GBX 5,000 ($65.16) price target on the stock. SKG stock opened at GBX 3,130 ($40.79) on Friday. The company has a debt-to-equity ratio of 85.47, a current […]
30 April 2021 | 07:11am
StockMarketWire.com - Packaging firm Smurfit Kappa has revealed that corrugated volume growth in the first quarter was up approximately 7% in both Europe and the Americas, driving underlying revenue growth of 6% to €2,269 million (£1,972 million).
Containerboard prices increased in the first quarter and again at the start of the second quarter as a result of strong demand and higher recovered fibre and other costs.
The firm reported an EBITDA of €386 million (£335 million) at a margin of 17.0%.
However, supply disruptions and shortages of packaging papers has affected global supply, the company said in a statement to shareholders.
Tony Smurfit, Group CEO, commented: “The first quarter was remarkable in many ways. We had strong corrugated volume growth in practically every area and all markets in which we operate. With unprecedented industry-wide shortages of supply and input cost pressures, paper prices have moved up sharply.