DS Smith sinks on sales news

0 mins. to read
DS Smith sinks on sales news
Master Investor Magazine

Master Investor Magazine 54Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in packaging specialist DS Smith (LON:SMDS) has dropped 2.81% to 332p (as of 12:50 BST) as management said that they were confident in the resilience of the firm’s model despite subdued volumes in export oriented markets including Germany. The disposal of the remedy division has been completed and it is expected that the sale of the plastics arm will be completed by the end of the year.

CEO Miles Roberts commented: “The underlying drivers of demand for sustainable corrugated packaging remain strong and our leading offerings for highly resilient FMCG and e-commerce customers give us confidence of volume and market share growth.

“While volatility in the macro-economic environment and input costs remains, our focus on pricing discipline, margin progression, enhanced cost and efficiency improvements, and cash generation, support our expectation of further good progress in the year“.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.