Smurfit Westrock posts quarterly loss of more than €22m
Smurfit Westrock was created last year following the merger of packaging giant Smurfit Kappa and US packaging firm WestRock in a deal reportedly worth $11.2bn. Picture: NYSE
Despite reporting a loss of $26m (€22.35m) for the second quarter of the year, the chief executive of packaging firm Smurfit Westrock said the company had a “strong” performance in line with its guidance.
The company reported a net loss for the period April to June as a result of costs associated with the previously announced plant closures and other restructuring actions, which cost the company $280m in total.
