Smurfit Kappa, the Irish paper-based packager, unsurprisingly reported a strong 1Q18 trading update with organic sales of €2,168m, up 7% yoy, while EBITDA jumped 22% yoy to €340m, giving a record-high margin of 15.7% (+270 bps yoy).
Smurfit Kappa Group is an integrated paper and paperboard manufacturer and converter whose operations are divided into Europe and the Americas. The Europe segment includes a system of mills and plants that primarily produces a full line of containerboard that is converted into corrugated containers. In addition to other types of paper, such as solidboard and sack kraft paper, and paper-based packaging, such as soldboard packaging and folding cartons, this segment includes Co.'s bag-in-box operations. The Americas segment comprises all Co.'s forestry, paper, corrugated, paper sack and folding carton activities and all the operations of Smurfit Kappa Orange County.
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