DS Smith looking for substantial growth
Recycled packing company DS Smith said it was trading in line with market expectations and expected substantial year-on-year growth in earnings per share.
Recycled packing company DS Smith said it was trading in line with market expectations and expected substantial year-on-year growth in earnings per share.
Smith said integration work was proceeding slightly ahead of plan at its SCA Packaging, which it bought at the end of June.
It added that the €1.58bn deal had transformed its position in the European market for recycled packaging.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm reported good sales of corrugated box, slightly ahead of its GDP+1% target, with particularly encouraging volume growth continuing in Continental Europe.
"This has led to our operating profit margin for the group continuing to improve despite the continued difficult market for our moderately sized paper business," its management statement said.
Chief Executive Miles Roberts said SCA Packaging was very complementary to DS Smith's strengths and created a significantly enlarged geographic footprint.
"Together, we are now better positioned to meet the needs of our pan-European customers and to deliver substantial value for our customers, shareholders and employees," he said.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
FCA car finance compensation: £700 each expected for 14 million drivers
Eligible motorists could begin getting a payout from next year under the financial watchdog’s planned car finance compensation scheme
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder