Smurfit Westrock cuts profit forecast in 'challenging' environment

Dublin-headquartered firm plans to implement additional downtime in its factories in the fourth quarter

The world's largest cardboard box maker Smurfit Westrock cuts its full-year core profit forecast on Wednesday as weak demand forces it to implement additional downtime in its factories in the fourth quarter.

The world's largest cardboard box maker Smurfit Westrock cuts its full-year core profit forecast on Wednesday as weak demand forces it to implement additional downtime in its factories in the fourth quarter.

The Dublin-headquartered company expects full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of between $4.9bn (€4.2bn) and $5.1bn (€4.3bn), versus the previous $5bn (€4.29bn) to $5.2 (€4.46bn) range that would have represented annual growth of 6% to 11%.