..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/

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.