Smurfit Kappa Group Plc (ISE: SK3)

Smurfit Kappa Group Income Statement

Financials in millions EUR. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	11,272	12,815	10,107	8,530	9,048
Revenue Growth (YoY)	-12.04%	26.79%	18.49%	-5.73%	1.14%
Cost of Revenue	7,485	8,752	7,015	5,656	6,043
Gross Profit	3,787	4,063	3,092	2,874	3,005
Selling, General & Admin	2,384	2,401	2,019	1,952	1,943
Research & Development	10	8	7	8	8
Operating Expenses	2,384	2,401	2,019	1,952	1,943
Operating Income	1,251	1,439	1,073	891	884
Interest Income	30	9	3	3	4
Interest Expense	178	158	128	140	188
Other Expense / Income	49	-2	35	8	31
Pretax Income	1,055	1,293	913	748	677
Income Tax	296	348	234	201	193
Net Income	758	944	679	545	476
Net Income Growth	-19.70%	39.03%	24.59%	14.50%	-
Shares Outstanding (Basic)	258	258	257	239	236
Shares Outstanding (Diluted)	260	261	260	241	238
Shares Change	-0.38%	0.38%	7.88%	1.26%	0.85%
EPS (Basic)	2.94	3.65	2.64	2.28	2.02
EPS (Diluted)	2.91	3.62	2.61	2.26	2.00
EPS Growth	-19.61%	38.70%	15.49%	13.00%	-
Free Cash Flow	658	562	371	733	531
Free Cash Flow Per Share	2.53	2.15	1.43	3.04	2.23
Gross Margin	33.60%	31.71%	30.59%	33.69%	33.21%
Operating Margin	11.10%	11.23%	10.62%	10.45%	9.77%
Profit Margin	6.72%	7.37%	6.72%	6.39%	5.26%
Free Cash Flow Margin	5.84%	4.39%	3.67%	8.59%	5.87%
Effective Tax Rate	28.06%	26.91%	25.63%	26.87%	28.51%
EBITDA	2,058	2,235	1,625	1,477	1,558
EBITDA Margin	18.26%	17.44%	16.08%	17.32%	17.22%
Depreciation & Amortization	635	630	553	557	541
EBIT	1,423	1,605	1,072	920	1,017
EBIT Margin	12.62%	12.52%	10.61%	10.79%	11.24%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.