Smith (DS) PLC Trading Statement (4315W)
April 27 2016 - 2:00AM
UK Regulatory
TIDMSMDS
RNS Number : 4315W
Smith (DS) PLC
27 April 2016
27 April 2016
DS Smith Plc - pre-close trading statement
Another year of good progress
DS Smith Plc, the leading supplier of recycled packaging for
consumer goods, today issues a pre-close trading statement for the
year ending 30 April 2016.
Group performance remains in line with our expectations. The
trends described in our trading statement of 9 March 2016 have
continued, with good volume growth across the business, and returns
on sales and on average capital employed improved versus the
comparable period. Growth from our large pan-European customers has
been particularly strong, and has also been driven by our solutions
for the fast growing e-commerce channel.
In line with our strategy, we are continuing to expand our
geographic footprint and customer offering. We have invested around
EUR600 million in acquisitions in this financial year, which are
performing fully in line with our expectations. Most recently we
have acquired TRM Packaging, a producer of specialist corrugated
packaging and retail ready packaging, based in the North West of
England, which will enhance our capabilities in this region.
Miles Roberts, Group Chief Executive, said:
"Packaging, and the supply chain in which it plays a part, is of
great importance to our customers as they adapt for the evolving
multi-channel retail environment. Over the year we have grown
organically and by acquisition while at the same time improving our
margin, and we remain excited about the opportunities for the
business."
Forthcoming dates
Results for the full year to 30 April 23 June 2016
2016
Enquiries
DS Smith Plc +44 (0)20 7756 1800
Hugo Fisher, Group Communications Director
Rachel Stevens, Investor Relations Manager
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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