TIDMSKG

Medium-Term Outlook

SKG:IDSKG:LN

Dublin, London, 7 February, 2018: Smurfit Kappa Group plc ('SKG' or the 'Group'), one of the world's largest integrated manufacturers of paper-based packaging products, with operations in Europe and the Americas, is today hosting a presentation for analysts and institutional investors on its medium-term outlook. The Group is outlining a range of key performance measures and investment plans to deliver continued performance and growth. These measures are:

 
 
    -- an objective to invest EUR1.6 billion above maintenance capital

expenditure between 2018 and 2021;

 
    -- a medium-term ROCE target of 17%; and, 
 
    -- a revised target leverage range of 1.75x to 2.5x Net Debt to EBITDA.

ENDS

 
Garrett Quinn             FTI Consulting 
Smurfit Kappa Group       Melanie Farrell or Mark Kenny 
 
T: +353 1 202 7180        T: +353 1 765 0800 
E: ir@smurfitkappa.com    E: smurfitkappa@fticonsulting.com

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with around 46,000 employees in approximately 370 production sites across 35 countries and with revenue of EUR8.6 billion in 2017. We are located in 22 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America.

With our proactive team, we relentlessly use our extensive experience and expertise, supported by our scale, to open up opportunities for our customers. We collaborate with forward-thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. We have an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills.

Check out our micrositeopenthefuture.info. Follow us on Twitter at @smurfitkappa and on LinkedIn at 'Smurfit Kappa'.

smurfitkappa.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20180207005328/en/

 
This information is provided by Business Wire

(END) Dow Jones Newswires

February 07, 2018 04:40 ET (09:40 GMT)

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