Packaging group Smurfit Kappa said it expects its core profit this year to increase by 33% to €2.3 billion after it increased its third-quarter prices further.
The company is Europe's largest paper packaging producer.
Smurfit, whose customers include Procter & Gamble Unilever and Nestle, said earnings before interest, tax, depreciation and amortisation (EBITDA) were up 43% on an annual basis to €1.767 billion at the end of September.
Its revenues for the nine months to the end of September rose by 33% to €9.724 billion, while profits before tax jumped by 77% to €1.141 billion from €645m the same time last year.
While volumes were flat for the first nine months against strong comparisons from a year earlier, the company said in a trading update that it continued to recovery "significant cost inflation" through increased prices.
Tony Smurfit, the company's chief executive, said that "significant" cost inflation is being recovered in corrugated box pricing as anticipated.
"The investments we have made over the last number of years are making the group ever more efficient with a customer-led focus on quality, innovation and sustainability," the CEO said.
"With SKG's scale and geographic reach across 36 countries, together with the many specialist businesses within the Group, there remain many opportunities for growth," he added.
Shares in the company were lower in Dublin trade today.
