Smith (DS) PLC
25 April 2008
25 April 2008
DS SMITH PLC PRE-CLOSE TRADING UPDATE
DS Smith Plc, the international packaging manufacturer and office products
wholesaler, today issues the following trading update ahead of its preliminary
results announcement for the year to 30 April 2008.
Trading in the second half of 2007/08 has been in line with management's
expectations at the time of the Group's interim results announcement in
December. Accordingly, performance has been well ahead of last year.
The Group continues to benefit from the recovery of higher input costs in
Corrugated Packaging and the improving performance in Office Products
Wholesaling. As previously indicated, demand for corrugated packaging has
slowed since the summer of 2007. This has led to some softening of corrugated
case materials (CCM) prices across our markets; the strength of the euro
provides a support to prices in our important UK market.
We are preparing for a more challenging trading environment in 2008/09. We have
confidence that our good market positions give us a strong base from which to
compete.
DS Smith Plc plans to announce its results for financial year 2007/08 on 26 June
2008.
Enquiries
DS Smith Plc 020 7932 5000
Tony Thorne, Group Chief Executive
Steve Dryden, Group Finance Director
Peter Aubusson, Group Communications Manager
Financial Dynamics 020 7269 7140
Andrew Dowler
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.