DS Smith Plc, a leading international packaging business, today announces its full year results to 30 April 2020.
• Strong financial performance and position, growing market share
• Strong European performance
• US domestic performance offset by continued weak export paper pricing
• Successful integration of Europac and disposal of Plastics division
Miles Roberts, Group Chief Executive, commented: “We have made good strategic and financial progress in the year, with the disposal of our Plastics division reinforcing our focus on sustainable fibre-based packaging and our strong commercial focus driving record margin. Of course, the year ended with the onset of the Covid-19 pandemic and I am extremely proud of our employees and their tremendous support, working with our suppliers and communities to ensure every factory has remained open throughout the pandemic, delivering essential supplies with outstanding levels of service in this extraordinary time.
Source: DS Smitht