Ireland’s Smurfit Kappa sees signs of a return in demand for packaging

Packaging giant Smurfit Kappa (SKG.I) expects demand to improve as the year progresses following encouraging signs in April and as recent services-focussed consumption habits return to normal, its chief executive said on Friday.

Europe’s largest paper packaging producer reported a 13% rise in first quarter core profit to 579 million euros ($636.4 million) on Friday, as higher margins made up for a third successive quarter of lower volumes.

Full Story