Smurfit Westrock

Positive Q1, with easing destocking in Q2

  • Sectors : Paper & Packaging
  • Companies : Smurfit Westrock

Ratings and price correct at time of issue.

  • Smurfit Westrock

    Closing Price: 3202c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

Person's Name

Justin Jordan

Analyst

DAVY VIEW

While Smurfit Kappa Group (SKG) Q1 2023 box volumes fell 7%, with resilient box prices and easing costs (OCC, energy), Q1 EBITDA rose 13% to €579m. With tentative signs of easing destocking in Q2 2023, we maintain our SKG 2023E forecast of €2.07bn EBITDA.

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Apr 28 2023, 07:05 IST/BST

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