REG-Smurfit Kappa Group PLC Statement re Medium-Term Outlook <Origin Href="QuoteRef">SKG.I</Origin>

Smurfit KappaAnnouncement

07/02/2018 09:40

      Statement re Medium-Term Outlook    
    
      Medium-Term Outlook    
      SKG:ID SKG:LN    
      Dublin, London, 7 February, 2018: Smurfit Kappa Group plc (SKG       or the Group), one of the worlds 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 1.6 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          
          
            Smurfit Kappa Group          
          
                      
          
            T: +353 1 202 7180          
          
            E: ir@smurfitkappa.com          
        
        
                  
        
                  
        
          
            FTI Consulting          
          
            Melanie Farrell or Mark Kenny          
          
                      
          
            T: +353 1 765 0800          
          
            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 8.6 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 microsite openthefuture.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/
      Smurfit Kappa Group PLC