In Q1 2019, Smurfit Kappa’s revenue increased by 7% to €2,316 billion

The company’s EBITDA increased by 25% to €424 million. The results were influenced by several parameters: high prices for corrugated products, increased demand, as well as cost optimization and modernization of the group’s production facilities.

In comparison with the indicators of 2018, in Q1 in Europe the volume of corrugated production of the Group increased by 2 % year-on-year. In the Americas, sales increased by 3 % year-on-year, particularly in Colombia, Mexico and the United States.

During Q1 2019, the Group completed the acquisition of assets in Bulgaria and Serbia, which also expanded its geographical presence.

The company continues to develop its program for the development of Better Planet Packaging and cooperates with owners of various brands, retail representatives, as well as designers to create innovative biodegradable packaging that will be in demand by customers.

according to the press service of Smurfit Kappa