SMFTF - Smurfit Kappa: Volume And Price Growth What's More?
2024-05-03 09:12:21 ET
Summary
- Smurfit Kappa Group released its Q1 2024 trading update with volume and price growth.
- The company is consistently delivering, and WestRock integration is progressing well.
- Smurfit Kappa is set to become a paper global leader and should be priced accordingly. Our buy rating is then confirmed.
On 02/05/2024, Smurfit Kappa Group plc ( SMFKY ) ( SMFTF ) announced a trading update for Q1 2024. As a reminder, the company was a 2023 Mare Evidence Lab's top pick , supported by best-in-class profitability, Improving Trends , a solid balance sheet, and the US market entry thanks to the WestRock acquisition. After the Q1 results, we are impressed with Smurfit Kappa deliveries. Volumes returned to growth in Q4 2023, and containerboard producers are looking for price increases, and the WestRock Q1 update also confirmed this. Since our last update, Pricing Inflection Point, Smurfit Kappa has been up by 11.76%; however, we still see an upside to the company's investment equity story....
Smurfit Kappa: Volume And Price Growth, What's More?