|Bid||3,158.00 x 0|
|Ask||3,161.00 x 0|
|Day's range||3,153.00 - 3,224.00|
|52-week range||2,623.00 - 4,334.00|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||16.57|
|Forward dividend & yield||1.09 (3.66%)|
|Ex-dividend date||29 Sept 2022|
|1y target est||46.17|
Europe's largest paper packaging producer, Smurfit Kappa, expects a shortage of paper on the continent if gas rationing impacts production in the coming months, its chief executive said on Wednesday.
DUBLIN (Reuters) -Packaging giant Smurfit Kappa posted a 50% jump in first-half core profit on Wednesday, sending shares in Europe's largest paper packaging producer sharply higher. Revenue growth of 33% pushed its core earnings up to a fresh record 1.2 billion euros ($1.22 billion), prompting Smurfit to increase its interim dividend by 8% to 31.6 euro cents per share. However CEO Tony Smurfit warned that demand, after booming as the pandemic bolstered demand for e-commerce and shelf packaging rose as economies reopened, is slowing in some parts of Europe as inflation makes consumers more cautious.
DUBLIN, July 27, 2022-- Smurfit Kappa Group plc (‘SKG’ or ‘the Group’) today announced results for the half year ending 30 June 2022.