Smurfit Westrock posts €138m loss in first trading update since merger 

Newly combined company said transaction costs totalled approximately $500m

The company’s adjusted Ebitda margin was 16.5% with Mr Smurfit saying these results "are a strong foundation to build upon." Photo Credit: NYSE

Transaction related expenses saw newly-formed Smurfit Westrock post a net loss of of $150m (€138m) in the three months between July and September, marking the company's first financial quarter since the Irish-founded packaging giant combined with its prior US rival.

In a trading update posted on Wednesday, the company said transaction expenses and purchase accounting adjustments totalled $500m, leading to its net loss.