Input costs hit Smurfit profits

摘要

Smurfit Kappa's full-year profits will be lower than expected because of the rising cost of raw materials. The Dublin-based packaging and paper group said last month that it continued to experience "significant input cost pressure", which would have an impact into the fourth quarter of 2007. However, it also said it would report quarter-on-quar-ter EBITDA growth for the third quarter, better margins and a "significant increase in free cashflow", which would be used to reduce debt.