DS Smith Plc, the leading supplier of recycled packaging for consumer goods, today issues a pre-close trading statement for the year ending 30 April 2016.
Group performance remains in line with our expectations. The trends described in our trading statement of 9 March 2016 have continued, with good volume growth across the business, and returns on sales and on average capital employed improved versus the comparable period. Growth from our large pan-European customers has been particularly strong, and has also been driven by our solutions
for the fast growing e-commerce channel.
In line with our strategy, we are continuing to expand our geographic footprint and customer offering. We have invested around €600 million in acquisitions in this financial year, which are performing fully in line with our expectations. Most recently we have acquired TRM Packaging, a producer of specialist corrugated packaging and retail ready packaging, based in the North West of England, which
will enhance our capabilities in this region.
Miles Roberts about progress
our customers as they adapt for the evolving multi-channel retail environment.
Over the year we have grown organically and by acquisition while at the same time
improving our margin, and we remain excited about the opportunities for the
business” says Miles Roberts, Group Chief Executive.