Smurfit Kappa has guided analysts' full-year earnings estimates higher amid signs that the downturn in demand for cardboard boxes is abating. Photograph: Jason Alden/Bloomberg
“We expect this trend to continue, with Germany in particular showing improved order book,” said chief executive Tony Smurfit. Smurfit Kappa sees its full-year earnings before interest, tax, depreciation and amortisation coming to €2.05 billion. While that would mark a declined from group’s €2.36 billion outturn for 2022, it is 1-2 per cent ahead of consensus expectations, according to Mr O’Brien.
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