Smurfit Kappa Q1 results - 6 key points

Profits are down at the packaging giant but revenues increase by 6 per cent

(l-r) Tony Smurfit, Liam O'Mahony and Ken Bowles Pic: Maxwell Photography
Chairman Liam O'Mahony this morning Pic:

Smurfit Kappa today revealed pre-tax profits of €109m for the three months to the end of March.

The figure is down 15 per cent from the €128m reported the same time last year.

However, the packaging giant said revenues for the first quarter rose by 6 per cent to €2.129 billion - despite what it called a background of significant cost inflation.

The company also announced that its ...