Smurfit shares jump as group's first-quarter revenues surge

Packaging group is stepping up its capital invesment plans as revenues grew by 6% in the first three months of this year

Chief executive Tony Smurfit said the first quarter of 2021 was 'remarkable in many ways' for Smurfit Kappa Group.

Shares in Smurfit Kappa Group jumped by over 4% on the Irish-headquartered international paper and packaging giant reporting strong revenue growth and a “remarkable” start to the year.

The group said it grew its underlying revenues by 6% — to just under €2.3bn — in the first three months of the year.