Companies

Smurfit Kappa eyes return to growth this year after profits fell during ‘difficult’ 2023

The Irish paper and packaging giant reported a double-digit decline in sales and profits last year due to falling prices and weak demand

Smurfit Kappa reported a double-digit decline in sales and profits last year due to falling prices and weak demand

Smurfit Kappa, the Irish paper and packaging giant, has hiked its final dividend by 10 per cent after returning to growth in the final quarter of the year.

Announcing full year results on Wednesday, the Dublin-headquartered multinational posted a double-digit decline in sales and profits for 2023 after what it described as a “difficult” year. Fully year sales for the Smurfit Kappa group fell 12 per cent to €11.3 billion as both the demand and ...