Smurfit Kappa Group Plc reports revenue of €2,194 million in first-quarter 2020

April 16, 2020 04:12 AM AEST | By Team Kalkine Media

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Smurfit Kappa Group Plc (LON:SKG) has released its trading statement for the 3 months to 31 March 2020 and an update on the impact of COVID-19 on its business.

The company’s Revenue for the period was reported at €2,194 million, while the EBITDA was €380 million. The company’s EBITDA margin for the reported quarter was 17.3 per cent.
The company has further reported that at the end of the first quarter the Group had liquidity of over €1.5 billion.
The group’s average debt maturities were of over 5 years, all of them were supported by its robust operational free-cash-flow. While, at the end of the quarter the Balance Sheet continued to be strong with leverage of 2.2x.
On 15^th April 2020, at the time of writing, GMT 08:10 AM, SKG shares were trading at GBX 2,262.00, down by 2.00 points or 0.09% against the previous day closing price.

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