DS Smith Plc has issued a pre-close trading update in respect of the year ending 30th April 2017. “The business continues to perform in line with our expectations, as described in our trading update of 9th March,” says Miles Roberts, Group Chief Executive. “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.”
He concludes, “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.”
