BRIEF-Smurfit Westrock: German business still underperforming rest of Europe

Reuters10-30

Oct 30 (Reuters) - Smurfit Westrock PLC :

* SMURFIT WESTROCK: RECENT REDUCTION OF >800 EMPLOYEES - RESULTS PRESENTATION

* SMURFIT WESTROCK: PLANNED CAPITAL EXPENDITURE OF $2.2 BN-$2.4BN IN 2025, FOCUSED ON GROWTH, INTEGRATION, SUSTAINABILITY - PRESENTATION

* SMURFIT WESTROCK CEO: WE HOPE FY GUIDANCE HAS SOME DEGREE OF CONSERVATISM, INCLUDES Q4 DOWNTIME HIT OF $60 MILLION

* SMURFIT WESTROCK CEO: GERMAN MARKET HAS PROMISED TO IMPROVE ALL THROUGH THE YEAR BUT HASN'T, WE'VE FALLEN DOWN A LITTLE BIT THERE

* SMURFIT WESTROCK CEO: MOST OTHER EUROPEAN MARKETS HAVE PERFORMED OKAY VERSUS OUR EXPECTATIONS

* SMURFIT WESTROCK CEO: DID NOT SEE PICK UP IN EUROPE THAT WE EXPECTED EARLIER THIS YEAR, BUT IT'S NOT AWFUL

* SMURFIT WESTROCK CFO: UK VOLUMES +1% YEAR-YEAR IN Q3, SPAIN UP 6%, ITALY & PORTUGAL +3%. FRANCE +2%, GERMANY FLAT

* SMURFIT WESTROCK CFO: U.S. DYNAMICS FAIRLY SIMILAR TO EUROPE IN PRICING AND VOLUMES

* SMURFIT WESTROCK CFO: PEOPLE STILL PRIORITISING A LITTLE BIT TRAVEL OVER DURABLE GOODS, BUT STAPLE GOODS CONTINUE TO PERFORM WELL

* SMURFIT WESTROCK CFO: Q4 PERFORMANCE SO FAR LOOKING SIMILAR TO Q3

* SMURFIT WESTROCK CFO: THERE IS MORE TO BE DONE ON HEADCOUNT REDUCTIONS AS PART OF MERGER, NOT JUST IN NORTH AMERICA

Further company coverage:

(Reporting By Padraic Halpin)

((Padraic.Halpin@thomsonreuters.com;))

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