Volume growth has been good, built on the strength of relationships with pan-European and e-commerce customers and the company expects to deliver on all the five medium term financial targets. The integration and performance of recently acquired businesses is progressing well, having expanded the company position in corrugated packaging in Iberia, in point of sale capability in Europe, and in flexible plastic packaging in the US.
Miles Roberts, Group Chief Executive, said: “We are pleased with the performance in the year, despite challenging economic conditions and have seen DS Smith grow again, both organically and through acquisitions. Our success is underpinned by our commitment to packaging that is innovative and adds value to our customers, throughout their global supply chains and also by a focus on our own global supply chain efficiency. This approach, together with momentum in our business and opportunities to further strengthen our customer offering, gives us confidence in the future.”