Smurfit Kappa Group (CDI) (SKG)

Sector:

Manufacturing

Index:

FTSE 100

3,758.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 3,778.04
  • 52 Week Low: 2,554.00
  • Currency: UK Pounds
  • Shares Issued: 261.09m
  • Volume: 145,674
  • Market Cap: £9,812m
  • RiskGrade: 138

Smurfit Kappa releases new lightweight pallet topper

By Josh White

Date: Thursday 22 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Smurfit Kappa has invented a sustainable new alternative for the heavy wooden, chipboard and plastic boards that are used to protect palletised products during transport and storage, it announced on Thursday.
The FTSE 100 packaging giant said a team of Smurfit Kappa designers in its Hexacomb operations had collaborated to identify a food-safe and innovative solution that would be suitable for a range of sectors, including those which have stringent hygiene regulations.

It said 'TOPPSafe' is made from 100% paper-based material, and crafted from Hexacomb which it described as lightweight and strong due to its honeycomb structure.

A number of Smurfit Kappa's customers were reportedly struggling with the weight and inflexibility of the more traditional wooden, chipboard and plastic pallet tops that were currently used in supply chains, and were often dropped causing a risk of injury.

As TOPPSafe was significantly lighter, it was described by Smurfit Kappa as easier to handle, making it more suitable for manual handling.

The TOPPSafe pallet top offered a number of benefits, the Smurfit Kappa board said, including the fact that it was supplied flat to reduce storage space, and the material was fully recyclable.

"We are very excited about launching TOPPSafe because it has the potential to have a transformative effect on the supply chain," said Wim Peeters, managing director of Smurfit Kappa Hexacomb.

"The feedback from the customers who have been using it already has been unanimously positive.

"At Smurfit Kappa, we aim to come up with solutions that score highly when it comes to safety, sustainability and innovation."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SKG Market Data

Currency UK Pounds
Share Price 3,758.00p
Change Today -8.00p
% Change -0.21 %
52 Week High 3,778.04
52 Week Low 2,554.00
Volume 145,674
Shares Issued 261.09m
Market Cap £9,812m
RiskGrade 138

SKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.61% below the market average61.61% below the market average61.61% below the market average61.61% below the market average61.61% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
68.13% above the market average68.13% above the market average68.13% above the market average68.13% above the market average68.13% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 0
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SKG Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 28-Sep-23
Paid 10-May-24 27-Oct-23
Amount 118.40¢ 33.50¢

Trades for 10-May-2024

Time Volume / Share Price
16:35 53,762 @ 3,758.00p
16:35 59 @ 3,758.00p
16:35 5 @ 3,758.00p
16:35 1,036 @ 3,758.00p
16:35 780 @ 3,758.00p

SKG Key Personnel

CEO Tony Smurfit

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