Brief: Smurfit Westrock: Nothing to suggest demand set to improve very quickly

Smurfit WestRock

30/07/2025 13:19

July 30 (Reuters) - Smurfit WestRock PLC SW.N call with analysts:

SMURFIT WESTROCK CFO: DON'T SEE ANY CHANGE IN FLOWS OF IMPORTS OR EXPORTS OF PAPER IN OR OUT OF NORTH AMERICA BASED ON TARIFFS AS THEY ARE TODAY

SMURFIT WESTROCK CFO: NOTHING YET TO SUGGEST DEMAND PICTURE WILL CHANGE VERY QUICKLY, VOLUME IS OKAY, DEMAND OKAY BUT COULD BE A WHOLE LOT BETTER

SMURFIT WESTROCK CEO: SUSPECT THERE ARE MANY, MANY PAPER MILLS IN 'DESPERATE TROUBLE' IN EUROPE, SUSPECT THERE WILL BE MORE CLOSURES

SMURFIT WESTROCK CEO: DON'T ENVISAGE TAKING MUCH DOWNTIME, IF ANY, IN H2 OTHER THAN THE NORMAL MAINTENANCE

SMURFIT WESTROCK CEO: EXPECT WE WILL WIND DOWN ALL UNPROFITABLE U.S. CONTRACTS WITH EXCEPTION OF VERY FEW BY THIS TIME NEXT YEAR

SMURFIT WESTROCK CEO: ASSUMING FLAT VOLUMES IN H2 COMPARED TO WHERE ARE NOW

SMURFIT WESTROCK CEO: THINK THE EUROPEAN MARKET IS CLOSE TO THE BOTTOM, QS IS WHETHER DEMAND IMPROVES IN 2026 OR 2027, WE DON'T KNOW

SMURFIT WESTROCK CEO: EUROPE NOT TOO BAD WITH EXCEPTION OF ONE OR TWO MARKETS AND UNFORTUNATELY GERMANY PULLING IT DOWN

Further company coverage: SW.N

 (Reporting By Padraic Halpin)

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