Smurfit Kappa | Business Post

Smurfit Kappa takes financial hit of over €100m as it sells Russian assets

The Irish business moved to offload its operations in the country following the invasion of Ukraine

Smurfit Kappa reports 38% jump in earnings for 2022

Group chief executive Tony Smurfit said full year’s results and Smurfit’s adjustments made him confident for the year ahead

New York hedge fund doubles down on Smurfit Kappa short bet

Millennium Management is now shorting nearly 1 per cent of packaging company’s shares in a trade worth €95 million

Davy expects to upgrade Smurfit’s full year earnings forecast by 5 per cent

Upgrade of earnings forecast by analysts from €2.2 billion to €2.3 billion comes after strong Q3 performance from the Dublin-listed group

Earnings jump 43% at Smurfit Kappa

Revenue at paper packaging giant rises to €9.7 billion according to a trading update from the group

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

Smurfit Kappa reports 36% revenue growth despite supply chain disruption

The company has approved an 8 per cent increase in its interim dividend following the results

Kingspan exits Russian market

The building materials giant said it made the decision to exit Russia in early March

Kerry Group vows to donate any profit in Russia to Ukraine relief efforts

The food firm says it doesn’t expect to make profit in Russia, but if it does it will be given to humanitarian causes in war-torn Ukraine

Smurfit Kappa to exit Russian market

The packaging giant said its Russian business represented less than 1% of its forecasted sales

Smurfit Kappa senior executives awarded more than €9.6m in share bonus awards

Shares awarded as part of company’s deferred bonus scheme

Analysis: How the invasion of Ukraine will hit global food security

While the fallout of the Russian assault on Ukraine is being felt in the energy markets, conflict in a region that supplies over a third of the world’s wheat could have serious consequences for the global food supply system

Company watch: Smurfit Kappa boxes clever with swift action to counter inflation

Pandemic lockdowns and e-commerce have seen a global run on sustainable packaging, so much so that the paper and packaging firm is ‘effectively sold out’ – which hasn’t hurt its bottom line

Smurfit Kappa earnings top €1.7bn as it hikes shareholder dividend by 10%

Analysts at Davy praised the Group’s ‘incredible resilience’ in navigating a quarter of ‘unprecedented energy volatility and supply chain challenges’

Company watch: Smurfit Kappa deftly dodges trap of surging wood pulp prices

The packaging giant has thrived, reporting a 10 per cent year-on-year increase in profits

Smurfit Kappa moves to offset paper shortage

The global packaging giant is scrambling to buy a high-capacity paper mill in Italy as the pandemic surge in e-commerce hoovers up available supply

Smurfit Kappa exceeds analyst expectations with 11% revenue growth and agrees €360m Verzuolo acquisition

Pre-tax profits at the packaging giant increased 8 per cent to €413 million

Norges Bank sells €96mn of Smurfit Kappa shares

The Norwegian central bank has reduced its stake in the company from 7% to 4.7%, following what chief executive Tony Smurfit described as ‘the most challenging year in recent memory’

The Last Post: Will the ultimate insider shed light on the Beacon debacle?

Eugene McCague has advised people at the top level in political, corporate and administrative circles in Ireland. What will his review of events at the Beacon Hospital turn up?

Smurfit Kappa intends to cut €50m travel bill in half

CEO Tony Smurfit says pandemic has shown that much of the company’s international travel between its operations was unnecessary