Edition:
United States

DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

356.20GBp
11:39am EDT
Change (% chg)

10.40 (+3.01%)
Prev Close
345.80
Open
346.50
Day's High
357.90
Day's Low
345.80
Volume
3,917,752
Avg. Vol
5,505,842
52-wk High
516.20
52-wk Low
285.83

Latest Key Developments (Source: Significant Developments)

DS Smith Says FY Adjusted PBT Up 31%, Raises Europac Deal Synergies
Thursday, 13 Jun 2019 02:01am EDT 

June 13 (Reuters) - DS Smith PLC ::FY ADJUSTED PROFIT BEFORE TAX £569M UP 31%.FY REVENUE £6,171M UP 12%.FY PROFIT BEFORE TAX £350M UP 35%.FY DIVIDEND PER SHARE 16.2P.ACQUISITION OF EUROPAC - UPGRADE TO SYNERGIES FROM EUR 50M TO EUR 70M.SALE OF PLASTICS DIVISION AGREED.RAISE MEDIUM-TERM RETURN ON SALES TARGET, UP TO 10 - 12 PER CENT.VOLUME WEAKNESS IN EXPORT-LED MARKETS IN H2, IN GERMANY, BUT EXPECT THIS TO IMPROVE DURING CURRENT YEAR.FY NORTH AMERICA BUSINESS HAS PERFORMED WELL AHEAD OF INITIAL EXPECTATIONS.CONSIDERED AND PLANNED FOR THE POTENTIAL IMPACT OF BREXIT ON BUSINESS.MADE PLANS FOR CONTINGENCY LEVELS OF SPARE PARTS AND OTHER ESSENTIAL ITEMS FOR CONTINUOUS RUNNING.DS SMITH, ON A POTENTIALLY DISORDERLY BREXIT, SAYS EXPECT DISRUPTION TO OWN OPERATIONS TO BE RELATIVELY CONTAINED.DS SMITH SAYS NOT IMMUNE FROM DISRUPTION THAT MIGHT OCCUR IN EVENT OF DISORDERLY BREXIT, INCLUDING IMPACT OF CHANGES IN ORDER PATTERNS FROM CUSTOMERS.UK OPERATIONS UTILISE PAPER MANUFACTURED AT CO'S KEMSLEY MILL IN KENT, UK, IN ADDITION TO PAPER FROM OTHER MILLS ON CONTINENTAL EUROPE.  Full Article

DS Smith Says Gareth Davis' Term As Chair Extended To Jan. 2021, After Which He Will Retire
Wednesday, 29 May 2019 09:42am EDT 

May 29 (Reuters) - DS Smith PLC ::GARETH DAVIS' TERM AS CHAIRMAN HAS BEEN EXTENDED TO 3 JANUARY 2021.A RECRUITMENT PROCESS FOR GARETH'S REPLACEMENT WILL BE STARTED AT APPROPRIATE TIME.EXPECTED THAT GARETH DAVIS' WILL THEN RETIRE FROM BOARD IN JANUARY 2021.  Full Article

Europac Shares To Delist From Barcelona Stock Exchange Effective Feb. 20
Tuesday, 19 Feb 2019 10:32am EST 

Feb 19 (Reuters) - Europac ::SHARES TO BE EXCLUDED FROM TRADING ON BARCELONA STOCK EXCHANGE EFFECTIVE FEB. 20.  Full Article

DS Smith Names Rupert Soames As Non-Executive Director
Wednesday, 13 Feb 2019 02:00am EST 

Feb 13 (Reuters) - DS Smith PLC ::DIRECTORATE CHANGE.APPOINTMENT OF RUPERT SOAMES TO COMPANY'S BOARD AS A NON-EXECUTIVE DIRECTOR.  Full Article

DS Smith To Carry Out Squeeze-Out Of Europac Shares At 16.80 Euro/Shr
Tuesday, 22 Jan 2019 02:37am EST 

Jan 22 (Reuters) - DS Smith PLC :TO CARRY OUT SQUEEZE-OUT OF EUROPAC <<>> SHARES AT 16.80 EUROS PER SHARE.SAYS AFTER SQUEEZE-OUT IS COMPLETED SHARES OF EUROPAC <<>> WILL BE DELISTED.  Full Article

Europac Board Of Directors Positively Assesses Bid Price In DS Smith Takeover
Monday, 10 Dec 2018 11:29am EST 

Dec 10 (Reuters) - Europac ::BOARD OF DIRECTORS OF EUROPAC POSITIVELY ASSESSES OFFER PRICE FROM DS SMITH PLC <<>>.  Full Article

Spanish Regulator Approves DS Smith's Europac Acquisition
Monday, 26 Nov 2018 08:51am EST 

Nov 26 (Reuters) - DS Smith PLC ::DS SMITH PLC - BOARD OF SPANISH SECURITIES MARKET COMMISSION (CNMV) HAS TODAY AUTHORISED ITS PROPOSED ACQUISITION OF PAPELES Y CARTONES DE EUROPA, S.A.DS SMITH PLC - ANTICIPATES OFFER DOCUMENTATION BEING POSTED TO SHAREHOLDERS OF EUROPAC AS SOON AS PRACTICABLE.  Full Article

Europac: Takeover Bid Launched By DS Smith Has Been Authorised - Regulator
Monday, 26 Nov 2018 05:53am EST 

Nov 26 (Reuters) - Takeover Bid For Papeles Y Cartones De Europa ::LAUNCHED BY DS SMITH <<>> HAS BEEN AUTHORISED - REGULATOR.  Full Article

DS Smith Expects HY Return On Sales, Adj. Oper Profit To Be "Materially Ahead"
Tuesday, 6 Nov 2018 02:00am EST 

Nov 6 (Reuters) - DS Smith PLC ::SMITH (DS) PLC - PRE-CLOSE TRADING STATEMENT.DS SMITH PLC - BUSINESS CONTINUES TO PERFORM IN LINE WITH OUR EXPECTATIONS.DS SMITH PLC - BUSINESS TRENDS CONSISTENT WITH OUR TRADING UPDATE OF 4 SEPTEMBER 2018.DS SMITH PLC - EXPECT RETURN ON SALES AND ADJUSTED OPERATING PROFIT IN HALF-YEAR TO BE MATERIALLY AHEAD OF COMPARABLE PERIOD.DS SMITH PLC - ANTICIPATE CASH FLOW FROM OPERATIONS TO BE SIGNIFICANTLY AHEAD OF PRIOR PERIOD.DS SMITH PLC - STRATEGIC REVIEW OF OUR PLASTICS DIVISION IS PROGRESSING WELL.DS SMITH PLC - REGULATORY PROCESS FOR PROPOSED ACQUISITION OF EUROPAC CONTINUES TO BE IN LINE WITH OUR EXPECTATIONS.DS SMITH PLC - EXPECT GOOD ONGOING VOLUME AND MARKET SHARE GROWTH.DS SMITH PLC - GOOD VOLUME GROWTH FROM OUR HIGHLY RESILIENT FMCG FOCUSSED BUSINESS IN HY.  Full Article

DS Smith posts HY Pre-tax Profit 144 Mln Stg
Thursday, 7 Dec 2017 02:00am EST 

Dec 7 (Reuters) - DS SMITH PLC ::INTERIM DIVIDEND 4.9 PENCEPER SHARE.HY ‍REVENUE 2,800 MILLION STG, UP 19%​.‍HY PROFIT BEFORE TAX 144 MILLION STG, DOWN 1%​.‍INTERIM DIVIDEND PER SHARE 4.9P​, INCREASE OF 7%.‍BOARD REMAINS CONFIDENT ABOUT OUTLOOK FOR DS SMIT​.‍NET DEBT AT 31 OCTOBER 2017 WAS £1,406 MILLION​.  Full Article

Photo

Packager DS Smith says stocking up on spare parts ahead of Brexit

Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".