DS Smith plc

DS Smith continue to capitalise on strong long-term growth drivers

FTSE News FTSE 100

DS Smith (LON:SMDS) has announced its 2019/20 half year results. Highlights ·        Record Group profitability and return on sales despite economic headwinds o   Market share gains driven by multinational FMCG and e-commerce customers o   Customers increasingly valuing our sustainable packaging solutions, reflected in good pricing and return on sales up 110 basis points ·        Europe – good organic profit growth ·        Europac – excellent progress and strong …

DS Smith expect further good progress in the year

FTSE News FTSE 100

DS Smith (LON:SMDS) has issued a pre-close trading update in respect of the half year ending 31 October 2019.  Trading update Industry and business trends have remained consistent with our trading update of  3 September 2019 with our expectations for overall financial performance for the period remaining unchanged. We anticipate good margin progression in the period, consistent with the upgraded target …

DS Smith Plc continues to progress well despite macro-economic uncertainty

FTSE News FTSE 100

DS Smith Plc (LON: SMDS), today issued a trading update in respect of the period since 1 May 2019. DS Smith will hold its Annual General Meeting at 12 noon today. Trading update The business continues to progress well despite, as expected, continued macro-economic uncertainty, and our expectations for overall financial performance remain unchanged. Our excellent customer engagement and differentiators …

DS Smith Plc – Complete sale of two packaging businesses to meet European Commission commitment

FTSE News FTSE 100

Further to the announcement on 17 April 2019, DS Smith Plc (LON: SMDS) has today announced that, following the fulfilment of all closing conditions, it completed on 28 June 2019 the sale of two packaging businesses in North Western France and Portugal to International Paper (NYSE: IP) for €63 million (c. £56 million). The sale fulfils the commitment made to …

DS Smith plc

DS Smith plc A year of significant delivery

FTSE News FTSE 100

DS Smith plc (LON: SMDS) have today provided full year results for the 12 months to 30th April 2019. 12 months to 30 April 2019 Continuing operations   Change(reported) Change(constant currency) Revenue £6,171m +12% +12% Adjusted operating profit(1) £631m +28% +28% Adjusted profit before tax(1) £569m +31% +31% Profit before tax £350m +35% +35% Adjusted EPS(1) 33.3p +8% +8% Basic …

DS Smith Plc Ongoing growth in corrugated box volumes and market share gains

FTSE News FTSE 100

DS Smith Plc (LON:SMDS) today issued a pre-close trading update in respect of the year ending 30 April 2019. Trading update Our financial performance has continued in line with our expectations. We have seen ongoing growth in corrugated box volumes and market share gains, driven by our resilient FMCG-focused customer base and strong position in the e-commerce packaging market. All …

DS Smith Plc Sale of two packaging businesses to meet European Commission commitment

FTSE News FTSE 100

DS Smith Plc (LON:SMDS) today announced it has reached an agreement for the proposed sale of two packaging businesses in North Western France and Portugal to International Paper (NYSE: IP) for €63 million (c. £54 million). The sales would fulfil the commitment made to the European Commission in relation to the clearance of DS Smith’s acquisition of Papeles y Cartones …

DS Smith plc

DS Smith Plc Sale of Plastics division for $585 million

FTSE News FTSE 100

DS Smith Plc (LON:SMDS) today announced it has reached agreement to sell the Plastics division to Olympus Partners for an enterprise value of $585 million, (approximately £450 million). This represents a multiple of 9.9x EBITDA based on the past 12 months to 31 October 2018. The transaction is subject to customary closing conditions including regulatory approvals, with completion expected to …

DS Smith plc

DS Smith Plc Rupert Soamesto to join the board as Non-Executive Director

FTSE News FTSE 100

DS Smith Plc (LON:SMDS) today announced the appointment with effect from 1 March 2019 of Rupert Soames to the Company’s Board as a Non-Executive Director. He will also join the Audit Committee, the Nomination Committee and the Remuneration Committee of the Board. Rupert is currently Group Chief Executive Officer at Serco Group plc and was previously Chief Executive at Aggreko …

DS Smith Plc Delivered good top line growth and substantially increased profit levels

FTSE News FTSE 100, News

DS Smith Plc (LON:SMDS), today announced 2018/19 half year results.

6 months to 31 October 2018

Change

(reported)

Change

 (constant currency)

Continuing operations(10), excluding Plastics