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BRIEF-Smurfit Kappa sees FY EBITDA in line with market expectations
November 1, 2017 / 7:32 AM / a month ago

BRIEF-Smurfit Kappa sees FY EBITDA in line with market expectations

Nov 1 (Reuters) - Smurfit Kappa Group Plc

* Smurfit Kappa - group revenue growth of 4% for the third quarter and year-to-date; increased sequential EBITDA margin of 15.1% in q3

* Smurfit kappa - recovered fibre cost pressures remained, resulting in a headwind of almost €40 million for the quarter and €111 million ytd compared to 2016

* Smurfit Kappa - expect to deliver a full year EBITDA in line with current market expectations and will enter 2018 with optimism and good momentum

* Smurfit KAPPA - reported third quarter EBITDA in Europe was up 3% year-on-year; in the Americas, EBITDA decreased 8% y/y Further company coverage: (Reporting By Conor Humphries)

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