New study shows benefits of bio-digestible barrier coatings
packagingeurope.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from packagingeurope.com Daily Mail and Mail on Sunday newspapers.
DS Smith overall trading continues to strengthen in line with expectations
directorstalkinterviews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from directorstalkinterviews.com Daily Mail and Mail on Sunday newspapers.
DS Smith appoints Marius Juncanariu as general manager of the paper packaging factory in Zarnesti
thediplomat.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.ro Daily Mail and Mail on Sunday newspapers.
DS Smith targets growth despite half year profit fall
The coronavirus pandemic has hit revenue and profit at corrugated giant DS Smith, although the group said it is well positioned for growth.
Pre-tax profit fell 54% to £97m while revenue dipped by 9% to £2.8bn for the six months to 31 October. However, DS Smith said that it performed resiliently despite a “challenging environment” and has resumed its dividend. E-commerce sales have increased by 30% during the period.
DS Smith Group chief executive Miles Roberts said: “I am really proud of the commitment, professionalism and flexibility of our employees in this extraordinary time, keeping all our plants operational and responding to our customers’ needs throughout the period. This has enabled the group to perform well in the context of an unprecedented environment. Q1 was particularly impacted by Covid-19, but pleasingly we saw real momentum in corrugated box volumes and profitability through Q2 and into H2, togethe