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Smurfit Kappa hail weak Euro

The chief executive of Irish packaging giant Smurfit Kappa, Gary McGann, has said the company remains keen on using strong cash generation to fuel acquisitions rather than handing money straight over to shareholders in order to generate value.

As the company reported better than expected results for the final three months of last year, Mr McGann also said that despite the overall challenging economic backdrop in Europe, businesses are doing well on the ground and will be helped by a weaker euro.