SKG shareholders told of "significant progress" in 2011

Smurfit Kappa Group (SKG) chairman Liam O'Mahony told shareholders at the company's AGM this morning that 2011 "marked the second best year ever in the Group’s comparatively recent history".

''Significant progress was reported against almost every financial and operating measure,'' Mr O'Mahony said, citing earnings growth of 12% to just over €1bn, substantial EPS growth and an increase in EBITDA margin, he said.