Smith (DS) PLC Pre Close Trading Update (4718D)
April 27 2017 - 2:01AM
UK Regulatory
TIDMSMDS
RNS Number : 4718D
Smith (DS) PLC
27 April 2017
27 April 2017
DS Smith Plc - pre close trading statement
Another year of good delivery
DS Smith Plc, the leading supplier of recycled packaging for
consumer goods, today issues a pre-close trading update in respect
of the year ending 30 April 2017.
The business continues to perform in line with our expectations,
as described in our trading update of 9 March. Volume growth has
been good, built on the strength of our relationships with
pan-European and e-commerce customers and we expect to deliver on
all our five medium term financial targets. The integration and
performance of recently acquired businesses is progressing well,
having expanded our position in corrugated packaging in Iberia, in
point of sale capability in Europe, and in flexible plastic
packaging in the US.
Miles Roberts, Group Chief Executive, said:
"We are pleased with the performance in the year, despite
challenging economic conditions and have seen DS Smith grow again,
both organically and through acquisitions. Our success is
underpinned by our commitment to packaging that is innovative and
adds value to our customers, throughout their global supply chains
and also by a focus on our own global supply chain efficiency. This
approach, together with momentum in our business and opportunities
to further strengthen our customer offering, gives us confidence in
the future."
Forthcoming Dates
Results for the full year to 30 April 29 June 2017
2017
Enquiries
DS Smith Plc +44 (0)20 7756 1800
Hugo Fisher, Group Communications Director
Rachel Stevens, Investor Relations Director
Bell Pottinger
John Sunnucks +44 (0)20 3772 2549
Ben Woodford +44 (0)20 3772 2566
Cautionary statement
This announcement contains certain forward-looking statements
with respect to the operations, performance and financial condition
of the Group. By their nature, these statements involve uncertainty
since future events and circumstances can cause results and
developments to differ materially from those anticipated. The
forward-looking statements reflect knowledge and information
available at the date of preparation of this announcement and DS
Smith plc undertakes no obligation to update these forward-looking
statements. Nothing in this trading statement should be construed
as a profit forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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