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Jul 31 2019, 07:10 IST/BST
Smurfit Kappa Group
Solid H1 results and 10% dividend increase highlight re-rating opportunity
- Sectors : Paper & Packaging
- Companies : Smurfit Kappa Group
DAVY VIEW
Smurfit Kappa Group’s 10% increase in its interim dividend is significant. Not only does it signal management’s confidence in the sustainability of profits and cash flow, it may also point to a more generous dividend policy in the future. At just over 6x EV/ EBITDA, the stock is ripe for a re-rating.
