Smurfit Kappa earnings jump despite fall in demand 

Tony Smurfit of Smurfit Kappa Group.

Irish packaging giant Smurfit Kappa recorded a jump in earnings last year despite inflation creating a “negative effect on the demand environment”, the company said.

In its annual results, the firm posted earnings of €2.3bn, climbing 38% on the previous year, and overall revenue jumped 27% to almost €13bn.