SKG net sales slip slightly to €4.2bn

THE recently-merged Smurfit Kappa Group (SKG) has reported fourth-quarter and full-year results for 2005. Net sales for the last three months of last year fell 2%, year-on-year, to €1.04 billion, with full-year net sales down by 2% at €4.2bn.

Earnings before interest, tax, depreciation and amortisation (EBITDA) were down by 9% for the quarter at €131 million and also down 9% for the full year at €481m.