REG-Smurfit Kappa Group PLC Statement re Russian Operations

Smurfit KappaAnnouncement

01/04/2022 10:00

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Statement re Russian Operations

 

1 April 2022

Statement re Russian Operations

Smurfit Kappa Group plc (‘SKG’ or ‘the Group’) announces that it has
decided to exit the Russian market. The Group has already suspended support
for its Russian operations including any imports and exports and any short or
long term funding. This exit will be effected in an orderly manner, during
which we will continue to pay our employees and fulfil our legal obligations.
Our Russian business represents less than 1% of forecasted sales.

Smurfit Kappa stands in solidarity with the people of Ukraine and everyone
impacted by the totally unjustified attack on Ukraine and its people. The
Group is providing, and will continue to provide, substantial humanitarian
support for the Ukrainian people. We are also assisting the families of SKG
employees and contractors from Ukraine as well as providing products and
services to support the relief effort together with financial assistance to a
number of aid agencies. We have also partnered with the Red Cross to provide
funding to support their vital work.

-ENDS-

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of
paper-based packaging solutions in the world, with approximately 48,000
employees in over 350 production sites across 36 countries and with revenue of
€10.1 billion in 2021. We are located in 23 countries in Europe, and 13 in
the Americas. We are the only large-scale pan-regional player in Latin
America. Our products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.

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-based 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.

We have a proud tradition of supporting social, environmental and community
initiatives in the countries where we operate. Through these projects we
support the UN Sustainable Development Goals, focusing on where we believe we
have the greatest impact.

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 Contacts                                                                                                                              
 Ciarán Potts                                              Melanie Farrell                                                             
 
                                                         
                                                                           
 Smurfit Kappa                                             FTI Consulting                                                              
 
                                                         
                                                                           
 T: +353 1 202 71 27                                       T: +353 86 401 5250                                                         
 
                                                         
                                                                           
 E: ir@smurfitkappa.com (mailto:ir@smurfitkappa.com)       E: smurfitkappa@fticonsulting.com (mailto:smurfitkappa@fticonsulting.com)   


 



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