Smurfit Kappa reports double-digit drop in third quarter sales and profits

The paper and packaging giant said it remains on track to deliver full year earnigns of more than €2 billion

Smurfit Kappa, the paper and packaging giant, said

Smurfit Kappa, the Irish paper and packaging giant, saw a double-digit fall in profits and sales in the third quarter of this year as demand and prices for its core products continues to fall back to normalised levels this year.

On Wednesday, the group reported third quarter sales of just under €2.7 billion, which was down 19 per cent year on year. Earnings (Ebitda) fell 14 per cent in the quarter to €512 million, while ...