Smurfit Kappa revenues jump by 10%

Shares in paper and packaging giant Smurfit Kappa Group rose over 1% yesterday on the back of a strong set of third quarter figures and indications of improvements in the European market, which still makes up the vast majority of group revenue.

The Dublin-headquartered group reported a 10% year-on-year increase in third quarter revenues (covering the three months to the end of September) to €2.02bn; and an 8% annualised increase in revenue for the first nine months of the year, to just over €5.9bn.

Operating profit — before exceptional items — rose by 4% in the nine months and by 9% (to €196m) for the third quarter.