Smith (DS) PLC
17 October 2007
17 October 2007
DS SMITH PLC PRE-CLOSE TRADING UPDATE
DS Smith Plc, the international packaging manufacturer and office products
wholesaler, today issues the following trading update for the half year ending
31 October 2007.
The Group's overall trading performance in the first half of 2007/08 has been
good. The trends within the business segments have been broadly as described in
our Interim Management Statement issued on 5 September 2007. Most
significantly, the UK Paper and Corrugated Packaging segment has benefited
strongly from the price increases implemented in the second half of 2006/07 to
recover higher input costs. We anticipate that pre-exceptional profit before
tax for the first half of the year will exceed £50 million (H1 2006/07: £29.0
million).
Looking ahead to the remainder of the financial year, key influences on the
Group's performance will be the rate of our recovery of raw material cost
increases, the level of demand across our markets in the light of any general
economic slow-down and the extent of the normal seasonal increase in our energy
costs during the winter months. The Board is confident that the Group will make
substantial progress this year.
DS Smith will announce its results for the six months to 31 October 2007 on
5 December 2007.
Enquiries
DS Smith Plc 020 7932 5000
Tony Thorne, Group Chief Executive
Gavin Morris, Group Finance Director
Peter Aubusson, Group Communications Manager
Financial Dynamics 020 7269 7121
Richard Mountain/Susanne Yule
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.