Business
Rising costs put pressure on Smurfit Kappa profitsstevenkiernan, 1 December 2006Be the first to comment on this article Rising raw material and energy prices and transport costs have put pressure on Smurfit Kappa Groups corrugated profits.
As an integrated producer, rising paper prices have put pressure on the group’s corrugated margins. But chief executive Gary McGann (pictured) said it would be able to recover these increases because box prices were continuing to rise. The merger has resulted in restructuring costs of more than £90m so far. Smurfit Kappa reported sales of £1.15bn in the three months to 30 September 2006, up 1% on the combined figures of Smurfit and Kappa for the same period last year. Speak Your Mind |
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