Brief: Smurfit Westrock forecasts FY EBITDA of $4.7 billion

Smurfit WestRock

30/10/2024 10:50

Oct 30 (Reuters) - Smurfit WestRock PLC  SWR.L :
    * Q3 NET SALES OF APPROX. $7.7 BILLION; NET LOSS OF $150
MILLION,
WITH A NET INCOME MARGIN OF NEGATIVE 2.0%
    * Q3 ADJUSTED EBITDA OF $1,265 MILLION, WITH AN ADJUSTED
EBITDA
MARGIN OF 16.5%
    * NET LOSS FOR QUARTER OF $150 MILLION WAS PRIMARILY DUE TO
TRANSACTION RELATED EXPENSES AND PURCHASE ACCOUNTING ADJUSTMENTS
TOTALLING APPROXIMATELY $500 MILLION
    * PLAN TO DELIVER AT LEAST EQUAL TO STATED SYNERGY TARGET OF
$400
MILLION
    * WE EXPECT 2024 FULL YEAR COMBINED ADJUSTED EBITDA OF
APPROXIMATELY $4.7 BILLION
    * ADJUSTED EBITDA FOR OUR EUROPE, MEA AND APAC SEGMENT
REMAINED AT
$411 MILLION IN Q3 OF 2024, CONSISTENT WITH SAME PERIOD IN 2023
    * ADJUSTED EBITDA FOR OUR NORTH AMERICA SEGMENT $780 MILLION
IN Q3
OF 2024

Further company coverage:  SWR.L 

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