Smurfit Kappa Full-Year Report 2023

Smurfit Kappa today announced results for the full year ending 31 December 2023

Tony Smurfit, Group CEO, commented: “We are pleased to deliver an excellent outcome for the Group in 2023 with full year EBITDA of €2,080 million, an EBITDA margin of 18.5% and a ROCE above our target. Our results, the second best in our 90 year history, reflect the excellence of our people and their dedication in providing the most innovative and sustainable packaging solutions for our customers. The results also demonstrate the continuing benefits  of SKG’s multi-year and highly effective capital programes”

Highlights

  • Revenue of €11.3 billion
  • EBITDA of €2,080 million and an EBITDA margin of 18.5%
  • Return on capital employed of 17.1%
  • Free cash flow of €628 million
  • Net Debt to EBITDA ratio of 1.4x

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