Smurfit WestRock PLC (OTCPK:SMFKY)
$ 45.96 0 (0%) Market Cap: 23.87 Bil Enterprise Value: 26.97 Bil PE Ratio: 22.38 PB Ratio: 4.84 GF Score: 70/100
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Q1 2019 Smurfit Kappa Group PLC Trading Statement Call Transcript

May 03, 2019 / 07:30AM GMT
Release Date Price: $30.67 (+0.62%)
Operator

Hello, and welcome to the Smurfit Kappa Group 2019 First Quarter Trading Update Call. (Operator Instructions) Just to remind you, this conference call is being recorded.

Today, I am pleased to present Tony Smurfit, CEO. Please go ahead with your meeting.

Anthony Paul J. Smurfit
Smurfit Kappa Group plc - Group CEO & Director

Yes. Thank you, operator, and good morning to everyone and thank you all for taking the time to join us today. I'm joined on the call by our Group CFO, Ken Bowles. And before commencing, we will refer you to the note on forward-looking statements set out in our trading update, which also applies to the discussion today.

Looking at Q1, our team has delivered an excellent first quarter performance with EBITDA up 25% year-on-year to EUR 424 million, reflecting higher corrugated pricing, demand growth, a relentless focus on cost efficiencies and the benefits of our capital program.

During the quarter, we completed acquisitions in Bulgaria and Serbia, expanding our presence in the Southeastern European market,

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