GLOBAL – European and American packaging companies Smurfit Kappa, International Paper, Ardagh Metal Packaging, Graphic Packaging and SIG have registered sales growth in the second quarter of the financial year 2022.
Smurfit Kappa registers 36% revenue growth for H1 2022
Irish corrugated packaging company’s earnings before interest, tax, depreciation and amortization (EBITDA) for the period were €1.17 billion (US$1.20 billion), up by 50% from €781 million (US$798.71 million) in H1 2021.
Its first-half EBITDA margin was 18.4%, increasing from 16.7% in the same period of FY21.
SKG’s profit before income tax for H1 2022 increased by 86% to €769 million (US$ million), against €413 million (US$422.36 million) in FY21.
The company’s European business reported EBITDA of €926 million (US$946.99 million), while the EBITDA of its Americas business were €271 million (US$277.14 million).
The two businesses registered EBITDA margins of 18.7% and 18.8% respectively.
During the first half of FY22, SKG acquired two corrugated converting operations in the UK and Argentina and announced the development of a corrugated operation in Morocco.
International Paper posts 13% revenue growth in Q2 202 and
The company has reported net sales of US$5.38 billion in the second quarter (Q2) of the 2022 fiscal year, marking a 13% increase from US$4.77 billion in the corresponding period of 2021.
Net sales for the quarter ending 30 June 2022 were driven by the Industrial Packaging segment, which recorded US$4.49 billion, followed by the Global Cellulose Fibres segment at US$788 million.
Net earnings attributable to International Paper for the quarter grew from US$432 million in Q2 2021 to US$511 million in 2022.
The company’s diluted earnings per share (EPS) was US$1.38 in Q2 2022 compared with US$1.09 in the same period of the prior year.
Adjusted operating earnings (non-GAAP) were US$459 million or US$1.24 per diluted share, compared with US$325 million or US$0.82 per diluted share in Q2 2021.
During the first half (H1) of fiscal 2022, International Paper reported US$10.62 billion in net sales compared with US$9.36 billion in the same period last fiscal.
Net earnings attributable to the company during this period were US$871 million in 2022 against US$781 million in H1 2021.
Ardagh Metal Packaging reports 31% revenue growth in Q2 2022
Irish packaging company Ardagh Metal Packaging (AMP), a subsidiary of Ardagh Group, has reported a 31% increase in revenue to US$1.30 billion in the second quarter (Q2) of the fiscal year 2022 (FY22) from a year earlier.
The company’s revenue grew by 38% on a constant currency basis, driven by higher input costs and strong volume/mix growth passed through to customers.
AMP’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to 30 June increased by 5% to US$181 million, compared with US$173 million in the same period of the prior year.
The company’s earnings per share (EPS) rose to US$0.17 in Q2 2022 from US$0.05 in the same period of FY21.
AMP’s Americas business saw its revenue rise by 46% to US$770 million against US$527 million in Q2 2021, while the business’ adjusted EBITDA for the quarter was US$120 million, up by 36% from US$88 million last year.
In Europe, the company’s revenue increased by 15% to US$533 million, while its adjusted EBITDA dropped by US$24 million to US$61 million.
AMP is a global supplier of infinitely recyclable, sustainable metal beverage cans. It recorded sales of US$4.1 billion in FY21.
Graphic Packaging registers net sales of US$2.35B for Q2 2022
US-based paper packaging company generated US$2.35 billion in net sales for the second quarter (Q2) of the fiscal year 2022 (FY22), representing a US$621 million increase from US$1.73 billion in Q2 2021.
Driven by global demand for sustainability-supported, innovative consumer packaging solutions, the company’s net organic sales increased by 3% in the three months to 30 June.
Graphic Packaging recorded a net income of US$66 million for the quarter, compared with US$38 million in the same period of FY21.
Its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter were US$396 million, up from US$248 million in Q2 2021.
The company posted earnings of US$0.21 for each of its diluted shares, up from US$0.13 in the corresponding period of FY21.
Net sales for the first half of FY22 were US$4.60 billion compared to US$3.38 billion in the same period in 2021. Its net income during this period was US$173 million.
SIG registers 18.3% revenue increase for first half of FY22
Switzerland-based aseptic packaging provider SIG has reported €1.14 billion (US$1.15 billion) in revenue for the first half (H1) of the fiscal year 2022 (FY22).
This figure represents an 18.3% increase on a reported basis and 12.4% rise on a constant currency basis from the corresponding period of the fiscal year 2021 (FY21).
Driven by strong aseptic carton performance in all regions, SIG’s organic revenue grew 7.5% in the six months to 30 June.
Revenues for the company’s Americas business grew by 61.2% to €148.5 million (US$151.87 million) during the quarter, while its Middle East and Africa (MEA) operations saw a 30% increase in revenue.
In addition, SIG’s Asia-Pacific (APAC) business recorded a 17.4% growth in revenue during the six-month period.
During H1, SIG’s net income dropped to €66.6 million (US$68.11 million) from €92 million (US$94.09 million) a year earlier, while its adjusted net income grew from €109.6 million (US$112.08 million) in H1 2021 to €115 million (US$117.61 million).
The company’s diluted earnings per share (EPS) also declined to €0.19(US$0.19) in H1, compared with €0.28 (US$0.29) a year earlier.
SIG’s H1 earnings before interest, tax, depreciation and amortization (EBITDA) were €238 (US$243.40), while its adjusted EBITDA margin declined to 24.6% from 27.3% in H1 2021.
In the second quarter (Q2) of FY22, the company’s revenue increased by 25.5% on a reported basis to €645.9 million (US$660.54 million) compared with €514.5 million (US$526.16 million) in the same period of last year.
For FY22, SIG expects full-year revenue growth of 22-24% on a constant currency basis and an adjusted EBITDA margin of around 26%.
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