Smurfit Kappa raised €660m of equity last year to accelerate its growth strategy. Smurfit Kappa said that online sales of alcoholic beverages jumped 34pc in Europe last year, for example, spurring demand for effective packaging solutions. Smurfit Kappa counts global firms such as Nestle and Unilever among its customers. Read MoreMr Bowles said that both ecommerce and sustainable packaging are key trends lifting Smurfit Kappa’s business. Smurfit Kappa’s revenue declined 6pc to €8.5bn last year, while its earnings before interest, tax, depreciation and amortisation (Ebitda) fell 9pc to €1.5bn.

Source: Irish Independent February 11, 2021 02:37 UTC