Smurfit Westrock plc announced the financial results for the Q4 and full year ended December 31, 2024. Q4 2024 net sales were of approx. $7.5 billion, compared to $2.9 billion in Q4 2023.
Tony Smurfit, President and CEO, commented: “I am pleased to report a strong Q4 performance with Net Income of $146 million, Adjusted EBITDA of $1,166 million and an Adjusted EBITDA Margin1 of 15.5%. For the full year, in line with our stated guidance, we have delivered a Full Year Combined Adjusted EBITDA of $4,706 million.
“Our synergy program of $400 million is on track and will be completed by the end of this year. Moreover, there are significant operational and commercial opportunities, at least equating to that synergy target.
“The year has started well and in the first quarter of 2025, assuming current market conditions prevail, we anticipate delivering an Adjusted EBITDA of approximately $1.25 billion.
“Smurfit Westrock is creating a performance-led culture and a formidable team. We are very confident about the future opportunities and prospects for our business, in part reflected by our progressive dividend. For the current year, subject as always to macro-economic and climate risks, we expect continued and meaningful progress on our transformation journey.”
Smurfit Westrock is a leading provider of paper-based packaging solutions in the world, with approximately 100,000 employees across 40 countries.
