Smurfit Kappa's nine month revenues up 33%

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Packaging group Smurfit Kappa said its revenues for the nine months to the end of September rose by 33% to €9.724 billion, while profits before tax jumped by 77% to €1.141 billion from €645m the same time last year.

Smurfit, whose customers include Procter & Gamble Unilever and Nestle, said earnings before interest, tax, depreciation and amortisation were up 43% on an annual basis to €1.767 billion at the end of September.

While volumes were flat for the first nine months against strong comparisons from a year earlier, the company said in a trading update that it continued to recovery"significant cost inflation" through increased prices.

 

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