Brief: Smurfit Westrock sees FY EBITDA rising by up to 11% to $5.0-%5.2 bln

Smurfit WestRock

01/05/2025 11:48

May 1 (Reuters) - Smurfit WestRock PLC SWR.L:

SMURFIT WESTROCK REPORTS FIRST QUARTER 2025 RESULTS

IRST QUARTER NET SALES OF $7,656 MILLION

Q1 NET INCOME OF $382 MILLION, WITH A NET INCOME MARGIN OF 5.0%

Q1 ADJUSTED EBITDA OF $1,252 MILLION, WITH AN ADJUSTED EBITDA MARGIN OF 16.4%

QUARTERLY DIVIDEND OF $0.4308 PER ORDINARY SHARE

OUR SYNERGY PROGRAM IS ON TRACK TO DELIVER $400 MILLION, WITH APPROXIMATELY $350 MILLION IN CURRENT YEAR

WE BELIEVE THERE IS SUBSTANTIAL OPPORTUNITY TO CONTINUE TO STRUCTURALLY IMPROVE BUSINESS THROUGH A SHARPER COMMERCIAL AND OPERATIONAL FOCUS, AT LEAST EQUAL TO OUR SYNERGY TARGET

WE ARE ALSO CLOSING TWO CONVERTING FACILITIES IN OUR NORTH AMERICAN REGION AND HAVE INITIATED CONSULTATIONS TO CLOSE TWO OF OUR CONVERTING FACILITIES IN EMEA & APAC

WE HAVE CONSTRUCTED TWO STATE-OF--ART CONVERTING PLANTS IN WASHINGTON AND WISCONSIN AND ARE COMPLETING A NEW BAG-IN-BOX FACILITY IN SOUTH CAROLINA IN OUR NORTH AMERICAN REGION

EXPECT TO INCUR ADDITIONAL ECONOMIC DOWNTIME IN Q2 COSTING APPROXIMATELY $100 MILLION VERSUS Q1

WHILE DEMAND OUTLOOK IS UNCERTAIN, WE EXPECT Q2 ADJUSTED EBITDA TO BE APPROXIMATELY $1.2 BILLION AND OUR CURRENT ESTIMATE FOR A FULL YEAR ADJUSTED EBITDA IS BETWEEN $5.0 BILLION AND $5.2 BILLION

Further company coverage: SWR.L

 (Reporting By Padraic Halpin)

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