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Packaging And Design

Smurfit Kappa Posts Profit Growth For H1 2016

Smurfit Kappa has reported pre-tax profits of €312 million for the first half of this year, representing growth of 28% compared with the same period last year.

The paper and packaging group as also posted a rise in revenue of 1% to €4.05 billion, as well as volume growth of 2% in its European markets.

In a statement issued today, (27 July), the company said it was expecting 2016 to see good earning growth, despite facing higher input costs as well as market volatility.

Smurfit Kappa Group CEO Tony Smurfit commented, "SKG is well positioned for growth and business development. We are a clear market leader, in a growth industry, with a continuously improving business model. SKG continues to build balance sheet strength which increases the range of strategic and financial options open to us."

© 2016 - Checkout Magazine by Jenny Whelan

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