Analysts to upgrade Smurfit Kappa forecasts following jump in earnings
The packaging giant last week reported a 50 per cent increase in its half-yearly earnings
Analysts have moved swiftly to upgrade their forecasts for Smurfit Kappa after the paper packaging giant last week reported a 50 per cent increase in earnings for the first half of this year.
The paper and packaging giant reported revenue growth of 36 per cent to €6.4 billion in the six months to June 30, despite increased costs and supply chain disruption. It said earnings before interest, taxation, depreciation and amortisation (Ebitda) were €1.17 billion ...