Smurfit Kappa EBITDA Margin Expanded to 18.2%

SEATTLE (Scrap Monster): Leading packaging company Smurfit Kappa announced full year 2019 results. The company reported EBITDA of €1,650 million, higher by 7% from 2018. The EBITDA margin increased to 18.2% during the year. The company’s free cash flow totalled €547 million, up by 11% over the prior year. Also, Smurfit Kappa increased the final dividend to 80.9 cents per share.

The European business continued its strong performance, delivering and EBITDA margin of 19%., with particularly good performance in Iberia and Eastern Europe. The Americas region delivered an increased EBITDA margin of 17.5%, with strong demand in all the three major markets- the U.S., Mexico and Colombia.

Smurfit Kappa continued to further strengthen its integrated model through recent acquisitions in France, Bulgaria and Serbia. These acquisitions have helped the company to enhance its business and expand its geographical presence.

The company noted that the positive start to the year amidst macro and economic risks points to yet another strong year of performance and free cash flow cash. In 2020, the company aims to continue its efforts to achieve consistent progress against its strategic objectives.

The company aims to becoming a globally admired company, delivering superior returns to all its stakeholders, said Tony Smurfit, Group CEO, Smurfit Kappa.