Smurfit Kappa forecasts revenue boost

Smurfit Kappa Group has estimated that annual revenue contribution from its markets outside of Western Europe will nearly double over the next two years.

Addressing media at a strategy and outlook briefing in Dublin, yesterday, the paper and packaging giant’s management team said it anticipates revenues from non-Western European markets to represent a combined 40% of group annual sales by 2015.

Currently, SKG’s operations outside of Western Europe make up 23% of overall revenue; 19% in the Americas and 4% from Eastern Europe. Western Europe remains dominant, with a 77% contribution rate. However, by the time of the group’s 2015 full- year earnings presentation; Western Europe is likely to represent 60% of overall group revenue, with other markets contributing 40% of sales; the Americas making up 30% of that.