Smurfit Westrock posts quarterly loss after $500m of merger-related costs

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Smurfit-Westrock News

Tony-Smurfit

Dublin-based Smurfit Westrock turned in a net loss of $150 million for the third quarter

Tony Smurfit, chief executive of Smurfit Westrock, which was created in July through a multibillion euro merger. Photograph: Alan Betson / The Irish Times

The cardboard box-making giant turned in a net loss of $150 million for the period, it said on Wednesday. Smurfit reported results for the three months to the end of September, the third quarter of its financial year. Ireland’s first multinational group effectively doubled in size on July 5th as the takeover of WestRock created the world’s largest paper packaging group with more than $30 billion of annual revenues.

 

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