The Group’s consolidated sales increased by 1.8 % from EUR 1,150.3 million to EUR 1,170.6 million, with both divisions contributing. At EUR 114.3 million, the operating profit was EUR 12.2 million or 11.9 % above the previous year’s value (1st half of 2017: EUR 102.1 million). A considerable profit increase at the cartonboard division contrasted with a decline at the packaging division. The Group's operating margin reached 9.8 %, after 8.9 % in the first six months of 2017. Profit before tax went up accordingly by 15.3 % to EUR 111.8 million (1st half of 2017: EUR 97.0 million). Income tax expense totaled EUR 28.1 million, following EUR 25.1 million in the first half of the previous year. The effective Group tax rate of 25.1 % (1st half of 2017: 25.9 %) remained largely unchanged. Click Read More below for additional information.
Packaging leader Smurfit Kappa has launched the ‘Smurfit Kappa Better Planet Packaging’ initiative to open the future of sustainable packaging.
Launched at its European Management Conference in Berlin last week, the new initiative builds on the company’s expertise in packaging, innovation and sustainability.
‘Smurfit Kappa Better Planet Packaging’ is a multi-faceted initiative comprising futuristic product design, extensive research and development and collaboration with existing and new partners.
Speaking about the new initiative, Arco Berkenbosch, VP of Innovation and Development, said: “We are very excited about launching the ‘Smurfit Kappa Better Planet Packaging’ initiative which will enable us to explore and re-imagine the packaging that we need for a sustainable world.
“This will be another step forward in fulfilling our vision of creating sustainable packaging for our customers and their consumers.”