BRIEF-Smurfit Westrock CEO: Order books began to firm up in late December

Reuters
Feb 11
BRIEF-Smurfit Westrock CEO: Order books began to firm up in late December

Feb 11 (Reuters) - Smurfit WestRock PLC SWR.L investor conference call:

  • SMURFIT WESTROCK CEO: WILL CONTINUE TO PROACTIVELY EVALUATE MORE POTENTIAL CLOSURES IN OUR PLANTS GIVEN CURRENT PAPER MARKET SITUATION

  • SMURFIT WESTROCK CEO: WE SAW A FIRMING UP OF ORDER BOOKS IN LATTER DECEMBER IN MOST COUNTRIES AFTER WEAK START TO QUARTER

  • SMURFIT WESTROCK CEO: MOMENTUM IN ORDER BOOKS HAS BEEN SOMEWHAT INTERPUTED BY WEATHER, SEE VOLUMES GETTING BACK TO MORE NORMAL LEVELS IN H2

  • SMURFIT WESTROCK CEO: MOST OF U.S. LOSS-MAKING CONTRACTS INHERITED FROM WESTROCK ARE GONE, STILL A COUPLE THAT WE'LL PHASE OUT OR KEEP

  • SMURFIT WESTROCK LATAM CHIEF: THERE ARE MEANINGFUL OPPORTUNITIES FOR STRATEGIC ACQUISITIONS IN LATAM TO EXCEED 2030 EBITDA TARGET

  • SMURFIT WESTROCK LATAM CHIEF: ROOM TO INCREASE MARKET SHARE IN BRAZIL, TARGET AREAS WHERE STILL IN PROCESS OF EXPANDING LIKE CENTRAL AMERICA, ECUADOR, CHILE

  • SMURFIT WESTROCK CFO: M&A FOCUS IS NOW ON ACCRETIVE BOLT ON OPPORTUNITIES

  • SMURFIT WESTROCK CEO: DON'T THINK CHALLENGES FOR BIG BRANDED GOODS IN U.S. WILL CONTINUE, STILL BELIEVE U.S. IS VERY STRONG ECONOMY

Further company coverage: SWR.L

(Reporting By Padraic Halpin)

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

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