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Smurfit Kappa hikes interim dividend by 8% as earnings top expectations

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Demand for Smurfit Kappa boxes, its end product, grew by 2.5 per cent over the first months of the year. via IrishTimesBiz

Smurfit Kappa CEO Tony Smurfit said company overcame rising input costs and supply chain constraints and the impact of the war in Ukraine during first half of the year. Photograph: Alan Betson / The Irish TimesSmurfit Kappa will increase its interim dividend by 8 per cent to 31.6c per share, after the cardboard box-making giant’s earnings for the first half of the year beat market expectations, even as it grappled with supply chain disruptions and soaring inflation.

Smurfit Kappa said that the result reflected the “resilience” of the group’s integrated model, benefits of an ongoing investment programme and its ability to pass on rising prices to customers, even as it dealt with higher year-on-year energy, recovered fibre, labour, distribution and other raw material costs.

 

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