Smurfit Kappa Group (CDI) (SKG)

Sector:

Manufacturing

Index:

FTSE 100

3,620.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 3,630.00
  • 52 Week Low: 2,554.00
  • Currency: UK Pounds
  • Shares Issued: 261.09m
  • Volume: 364,868
  • Market Cap: £9,452m
  • RiskGrade: 138

Smurfit Kappa begins construction of Moroccan packaging plant

By Iain Gilbert

Date: Wednesday 25 May 2022

LONDON (ShareCast) - (Sharecast News) - Packaging company Smurfit Kappa has begun construction of a new €35.0m packaging plant in Morocco, its first corrugated plant in the country.
Smurfit Kappa said on Wednesday that the new plant, located in Rabat and covering an area of 25,000 square miles, will enable it to supply "innovative and sustainable packaging solutions" to its local customer base by creating packaging for the industrial, agriculture, FMCG, automotive, pharmaceutical and ceramics sectors.

The FTSE 100-listed firm added that construction of the state-of-the-art plant had begun earlier in the week and highlighted that the site was expected to be operational in early 2023.

Saverio Mayer, chief executive of Smurfit Kappa Europe, said: "We are very proud to announce the construction of this advanced new facility, the first of its kind owned by the company in Morocco. It will be located in an area with significant growth potential and create 300 direct and indirect jobs in the region.

"Our customers will also benefit from our fully integrated and circular business model which will ensure a reliable supply of quality, value-adding, and sustainable products."



Reporting by Iain Gilbert at Sharecast.com

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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 3,620.00p
Change Today -8.00p
% Change -0.22 %
52 Week High 3,630.00
52 Week Low 2,554.00
Volume 364,868
Shares Issued 261.09m
Market Cap £9,452m
RiskGrade 138

SKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.24% below the market average61.24% below the market average61.24% below the market average61.24% below the market average61.24% 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
48.00% above the market average48.00% above the market average48.00% above the market average48.00% above the market average48.00% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
69.23% above the market average69.23% above the market average69.23% above the market average69.23% above the market average69.23% 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
2.76% above the market average2.76% above the market average2.76% above the market average2.76% above the market average2.76% above the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% 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 28-Mar-2024

Time Volume / Share Price
16:35 89,467 @ 3,620.00p
16:35 45 @ 3,620.00p
16:35 59 @ 3,620.00p
16:35 1,080 @ 3,620.00p
16:35 7 @ 3,620.00p

SKG Key Personnel

CEO Tony Smurfit

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