02.08.17
Smurfit Kappa Group announced results for the three months and 12 months ending Dec. 31, 2016. Full year 2016 revenues on a constant currency basis were up 5%, while 2016 EBITDA was €1,236 million, a new record for the group. The company reported continued good cash generation with free cash flow of €303 million.
“In 2016, SKG delivered continued earnings growth with EBITDA of €1,236 million and an EBITDA margin of 15.1%, driven by solid volume growth across our markets, resilient box pricing and the Group’s investment in high return capital projects,” said CEO Tony Smurfit.
“In 2016, SKG delivered continued earnings growth with EBITDA of €1,236 million and an EBITDA margin of 15.1%, driven by solid volume growth across our markets, resilient box pricing and the Group’s investment in high return capital projects,” said CEO Tony Smurfit.
