Smurfit Westrock posts quarterly loss after $500m of merger-related costs
Dublin-based Smurfit Westrock turned in a net loss of $150 million for the third quarter
Dublin-based Smurfit Westrock turned in a net loss of $150 million for the third quarter
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South American country has lost numerous international arbitration cases following its nationalisation wave
On July 5th, Smurfit Kappa, led by Tony Smurfit, merged with North American group WestRock to form the world’s largest packaging group
Irish packaging group Smurfit merged last month with US rival WestRock and moved its main listing to New York
The median chief executive compensation packag was €2 million last year.
Shares edge up as executives look to merge businesses amid improving business environment for the sector
Deal worth €23.4bn subject to High Court approval, with shares in new entity Smurfit WestRock to begin trading on New York Stock Exchange on Monday
Demand for cardboard boxes had slumped following a pandemic-fuelled spike in demand for durable goods
Dublin agm told 2023 had been Smurfit Kappa’s second-best financial year, with revenue of more than €11 billion
Chief executive Tony Smurfit granted just under 98,000 share awards worth €4.1 million
A tech sector slowdown coupled with rising interest rates gave many a year to forget
In September, Dublin-based Smurfit Kappa agreed a deal to acquire WestRock in the United States to form what will become the world’s biggest packaging group
WestRock shares have underperformed partly because its own history of acquisitions has resulted in a sizable debt burden
WestRock, the US’s second-largest paper packaging group, once harboured ambitions of snapping up Smurfit Kappa, but has now become a willing target of Ireland’s first multinational
Group's net debt stands at €3.17 billion
Irish group’s CEO Tony Smurfit to lead merged group, which will be known as Smurfit WestRock
Market Beat: The timing of the deal to bring Smurfit together with WestRock reflects depressed valuations in the sector
Dublin-based packaging firm nearing agreement with US firm WestRock
Any Other Business: H&M shuts Dublin store, BoyleSports overseas, Smurfit on carbon capture, Irish AI strategy, and GPO museum banners
Tony Smurfit gave a direct answer to a direct question. Business needs more of that.
Group signals confidence in its prospects by increasing interim dividend by 6%
Challenges for firm included higher costs and war in Ukraine, chief executive says
Bonuses drive executive rewards as business booms on back of pandemic stimulus
Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently
Packaging group’s earnings advance 13% to €1.7bn to exceed stock market calculations
Science Based Targets initiative approves packaging giant’s plans
Attitude towards international tax domicile may changes with future governments
Firm’s revenues rose 15% to €7.3bn over the first nine months of the year
Company is focused on helping SMEs comply with data protection and privacy laws
Some 69 per cent of consumers do not always trust brands and retailers that claim to be sustainable
The all-expenses-paid junket may never again the feature of the corporate world it once was
Smurfit reports 11% rise in revenue and 8% increase in profit for first six months of year
Median CEO compensation package falls almost 36 per cent to €1.2 million however
Covid-19 may have hit some pay packets hard, but the leaders of the Top 1000 may have fared better
Packaging giant expands its footprint in South America
Group’s corrugated box volumes rose by 7% both in Europe and the Americas
Review of maximum potential awards follows 12% share price rise last year
With its share price at an all-time high, Smurfit Kappa chief Tony Smurfit has been vindicated in his decision to reject a rival offer three years ago
Bullish outlook from packaging group on back of ecommerce and sustainability issues
Smurfit Kappa boss is hailed for his leadership during Covid-19 pandemic
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Cardboard box-maker poised to take advantage of shift to sustainable packaging
Cardboard box-maker forecasts full-year earnings will decline as much as 11.5%
Covid-19 impact on shares, earnings and dividends set to weigh on remuneration
Covid-19 knocks sales by 9% in first half of the year for packaging giant as demand falls
Company joins slew of firms scrapping payouts in wake of virus’s financial ripple effect
Seen & Heard: banks may ration lending and retailers seek rent supports
Sales hit €9bn, as earnings rose 7% to a record €1.65bn in 2019
In Paris to receive a business award, Tony Smurfit talks about sustainable packaging, Brexit and France
Packaging group announces 11 per cent jump in earnings for nine months to end of September
CEOs have secured collective pay rise of 13% while employee salaries rise just 1.5%
Irish-founded company says it will ‘vigorously’ appeal competition authority decision
First-half earnings rise 17 per cent to €847m with European sales helped by higher pricing
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