Smurfit Kappa H1 2021 results

Smurfit Kappa has released its results for the first half of 2021. Turnover in the period reached €4,679m, up 11% on the same period last year (2020: €4,203m). EBITDA was €781m, up 6% on the same period in 2020 (2020: €735m). Operating profit was also up 6%, at €477m (2020: €450m)

Tony Smurfit, CEO, commented, “I am pleased to report a strong first half performance with revenue growth of 11%, EBITDA of €781 million and an EBITDA margin of 16.7%. Growth in corrugated was over 10% against the same period in 2020 and over 9% on 2019 and we continue to see strong demand for our core products.”

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