“[Smurfit Kappa’s] recovered fibre cost has increased by approximately €90 million versus the first quarter of last year. We are progressively recovering these input costs through our corrugated box system,” it said. Davy analyst Alan Smylie said he expects Smurfit Kappa to fully recover the spike in input costs “in the coming quarters”. With unprecedented industry-wide shortages of supply and input cost pressures, paper prices have moved up sharply. We are recovering these input costs in line with our expectations.”Mr Smurfit said the group’s first-quarter performance “has set the foundation for accelerated revenue and earnings growth as we move through 2021”.

Source: The Irish Times April 30, 2021 07:03 UTC