..A leading supplier of recycled packaging in Europe

With a turnover in 2011/12 of £2.0 billion and employing more than 20,000 people, DS Smith Plc is an international supplier of recycled packaging for consumer goods.

On 30 June 2012 DS Smith acquired SCA Packaging. On a combined basis, the group is now the second largest manufacturer of corrugated products in Europe. We are also a leading worldwide supplier of bag-in-box packaging and a leading European supplier of plastic returnable transit packaging. The combined Group now has revenues of approximately £4 billion (based on a combination of historically reported figures and a 12 month contribution from both businesses).

DS Smith is a FTSE 250 company listed on the London Stock Exchange and headquartered in Maidenhead.

http://www.dssmith.com/

1 Aug
Peel Hunt
N/A
Buy

Anyone in the know why down 3% today?

2.25% down at the bell. Not to bad considering the poor market.

22 Aug
Jefferies...
N/A
Hold

Q1 AGM Trading Statement
RNS
RNS Number : 6395Z
Smith (DS) PLC
04 September 2018

4 September 2018

DS Smith Plc - Q1 AGM trading statement

DS Smith Plc ("DS Smith"), today issues a trading update in respect of the period since 1 May 2018. DS Smith will hold its Annual General Meeting at 12 noon today.

Trading update
We continue to be excited by our prospects. Our focus on sustainable packaging in resilient and growing sectors, including FMCG and e-commerce, is consistently driving market share gains. We have seen good like for like volume growth in the year to date, with progress in all geographic regions.

Recovery of input cost increases from earlier in the calendar year is in line with our expectations, with the consequent positive margin impact. Cashflow has also remained a focus in the period as we maintain a disciplined approach to working capital and capex. Trading remains in line with our expectations.

Interstate Resources, our North America Paper and Packaging division, continues to perform very strongly. Integration continues to go well and we have added additional capacity and further enhanced our customer offering via the acquisition of Corrugated Container Corp, which completed on 1 June 2018. We are delighted with the customer reaction, with a number of major customers seeking to partner with DS Smith for their packaging solutions in both Europe and the US.

Update on Europac
On 4 June 2018 we announced the proposed acquisition of Papeles y Cartones de Europa, S.A., ("Europac"), for €16.80 per share and an implied enterprise value of €1,904m. The required regulatory approval process is progressing as expected and we anticipate completion in calendar Q4 2018, as previously indicated. Preparation for integration is continuing at pace and we look forward to welcoming Europac to the DS Smith group.

Strategic review of Plastics division
In June 2018 we announced a strategic review of our Plastics division. Progress has been positive and we will update further as appropriate.

Miles Roberts, Group Chief Executive, said:
"I am pleased with our momentum in the year to date, in a period when we also announced a significant acquisition and associated equity fundraising to expand our position in the important Iberia region. The corrugated packaging industry continues to demonstrate excellent growth prospects, driven by changing shopping habits, e-commerce, and the ever-increasing relevance of sustainability. DS Smith is in a strong position, as a market leader, to capitalise on these opportunities, and the Board looks to the future with confidence. "

was (since 2011)-still am-and will be (for the moment) holding this lovely "baby"in my portfolio.
Admittedly I am probably too heavy into this one but hey so good so far and long may it continue which I believe it will with all the recycling momentum /awareness prevalent.
Am a strong believer that any recycling industry will be the stock to invest into right now.
Check out current crowd funding of MacRebur as an example

4 Sep
Numis
N/A
Add
4 Sep
Peel Hunt
N/A
Buy

11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, bought 7,978 shares in the company on the 4th September 2018 at a price of 502.71p. The Director now holds 400,525 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, sold post-exercise 175,373 shares in the company on the 4th September 2018 at a price of 491.60p. The Director now holds 392,547 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by...
11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, exercised 285,510 shares in the company on the 4th September 2018 at a price of 0.00p. The Director now holds 567,920 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk

Pre-close Trading Statement
RNS
RNS Number : 4085G
Smith (DS) PLC
06 November 2018

6 November 2018

DS Smith Plc - pre close trading statement

DS Smith Plc today issues a pre-close trading update in respect of the half-year ended 31 October 2018.

Trading
The business continues to perform in line with our expectations, with the industry and business trends consistent with our trading update of 4 September 2018. We expect return on sales and adjusted operating profit in the half-year to be materially ahead of the comparable period following recovery of increased input costs earlier in the year and good volume growth from our highly resilient FMCG focussed business. The integration of Interstate Resources continues to go very well, with major customers now procuring from us in both Europe and the US.

We remain highly focussed on cash management and anticipate cash flow from operations to be significantly ahead of the prior period. The previously announced strategic review of our plastics division is progressing well.

The regulatory process for the proposed acquisition of Europac continues to be in line with our expectations, with completion of the acquisition expected by the end of the calendar year. We are excited about the prospects for this business and the opportunity for DS Smith to expand further in the important growth market of Iberia.

Miles Roberts, Group Chief Executive, said:
"We are very pleased with the performance in the half year, in particular the margin development, and the continued excellent progress and integration of Interstate Resources. We continue to see strong customer support to our innovative sustainable packaging, responding to the dynamic requirements of our customers. We expect good ongoing volume and market share growth, look forward to the completion of Europac and view the future with confidence."

DS Smith gets Spanish regulator nod for Europac takeover
StockMarketWire.com
Packaging company DS Smith said the Spanish Securities Market Commission had authorised its proposed acquisition of Papeles y Cartones de Europa, known as Europac.

DS Smith said it expected offer documentation to be posted to Europac shareholders as soon as practicable.

'We look forward to completing the formal takeover process and integrating Europac into DS Smith to the benefit of all our stakeholders,' chief executive Miles Roberts said.

'This acquisition is a fantastic opportunity to enhance our customer coverage and offering in this important region.'

At 3:06pm: (LON:SMDS) Smith DS PLC share price was +1.35p at 345.05p


Story provided by StockMarketWire.com

Half year report


Highlights
· Successful and differentiated business model
o Return on sales margin +120 bps
o Good organic volume growth(2) of 3.2%
o Excellent cost recovery reflects business mix and strength of business model
o Growth from FMCG and e-commerce leadership
o US acquisition fully integrated and delivering well ahead of acquisition case
· Strong balance sheet
o Increase in cash flow from operating activities from continuing operations
o Net debt / EBITDA(6) (excluding rights issue proceeds) fallen to 2.1x
o Refinancing complete - new long-term facility
o Plastics strategic review making good progress
· Europac acquisition completion expected around calendar year end
o Reported performance to Q3 2018 in line with expectations
o Integration planning well advanced
· Compelling commercial differentiation and structural drivers for growth
o E-commerce, sustainable packaging, dynamic retail changes
o DS Smith innovation-led solutions for multinational customers
· Good momentum into H2

08:00 04/01/2019
Broker Forecast - Jefferies International issues a broker note on Smith (DS) PLC
Jefferies International today reaffirms its hold investment rating on Smith (DS) PLC (LON:SMDS) and cut its price target to 330p (from 440p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Europac result of final offer
RNS
RNS Number : 4118N
Smith (DS) PLC
17 January 2019

17 January 2019

DS Smith - result of Europac offer

DS Smith is pleased to note that The Board of the Spanish Securities Market Commission (CNMV) has today announced the result of the tender offer launched by DS Smith on 3 December 2018 to the shareholders of Papeles y Cartones de Europa, S.A., known as Europac. Acceptances representing 98.8% of the total share capital of Europac have been received by DS Smith. As a result, the final condition of DS Smith's proposed acquisition of Europac has been satisfied and settlement and completion are expected to take place around 22 January 2019.

Miles Roberts, Group Chief Executive, said:
"I am delighted with the support from Europac shareholders. We look forward to welcoming Europac employees into the DS Smith Group and integrating the businesses to the benefit of all our stakeholders. This acquisition is a fantastic opportunity to enhance our customer coverage and offering in this important region."

DS Smith announced the proposed acquisition of Europac in June 2018. It is a highly complementary, vertically integrated packaging business based in Spain with a diversified customer portfolio and strong customer relationships. In 2017 Europac delivered revenues of €868 million and had recurring EBITDA of €147 million. In the first nine months of 2018, recurring EBITDA was €157 million and net profit was at €79 million, compared to €104 million and €58 million posted in the same period of 2017.