Brief: Smurfit Westrock CEO: U.S. orders steadying after 'a lot of weakness' in March, early April

Smurfit WestRock

01/05/2025 13:41

May 1 (Reuters) - Smurfit Westrock PLC SWR.L, SW.N analyst call:

SMURFIT WESTROCK CEO - WE DID SEE A LOT OF WEAKNESS IN MARCH AND FIRST TWO WEEKS OF APRIL, ORDER BOOKS IMPROVED IN LATER APRIL (WHEN ASKED ABOUT U.S. MARKET)

SMURFIT WESTROCK CEO - EUROPEAN MARKET CURRENTLY ON AN IMPROVING TREND

SMURFIT WESTROCK CEO - BECAUSE OF OUR VALUE STRATEGY, WE'LL PROBABLY LOSE SOME BOX VOLUMES WHILE CONTINUING TO IMPROVE OUR EARNINGS

SMURFIT WESTROCK CEO - WE'RE NOT BANKING ON THE KIND OF H2 RECOVERY OUR COMPETITORS HAVE FLAGGED, SEE SOME RECOVERY BUT NOT SIGNIFICANT

SMURFIT WESTROCK CEO - CONSUMER MARKET HAS GOTTEN CHOPPY

SMURFIT WESTROCK CEO - WE HAVE BEEN ADJUSTING OUR CANADA-U.S. SUPPLY CHAINS OVER THE LAST THREE MONTHS IN RESPONSE TO TARIFFS

SMURFIT WESTROCK CEO - WE ARE DEFINITELY SEEING A LOT OF NERVOUSNESS AMONG CUSTOMERS, NOT YET ANY MATERIAL ISSUE OTHER THAN THE UNCERTAINTY

Further company coverage: SWR.L SW.N

 (Reporting By Padraic Halpin)

 ((Padraic.Halpin@thomsonreuters.com;))