Smurfit Kappa reports 3% increase in Q1 Europe cardboard box volumes, 2% in Americas, signaling market recovery; merger with WestRock expected in July.

Smurfit Kappa reports 3% increase in Europe and 2% in the Americas for cardboard box volumes in Q1, signalling a recovery of the market. The company's EBITDA margins stood at 18% during the period. Smurfit Kappa continues to progress with its merger with US rival WestRock, which is expected to be completed in July, creating a paper packaging giant with annual sales of approximately $35 billion.