Smith (DS) plc
DS Smith: 2005/6 results
DS Smith performed as badly as expected given the H1 results and the profit warnings last October. There was little problem with reveneues, with organic sales growth of 3.1% at CER, but profits were badly hit by higher energy prices.
Adjusted operating profit fell 27% and adjusted EPS fell 31%. With energy costs expected to rise […]
DS Smith H1 results
The fall in DS Smith’s margins was expected after the profit warning on October. The company suffered from both pressure on prices and higher energy costs.
The outlook for the second half is unclear. There has been some recovery in prices, but has sustainable this is, is uncertain. Energy costs are most likely to improve as […]
DS Smith: Trading statement
DS Smith, an international packaging manufacturer and office products wholesaler, warned that its first half results to October 2005 would be “significantly lower” than last year. The company said that trading conditions “continue to be challenging” and warned that it was finding difficulty in mitigating increases in energy costs.
The core paper and corrugated packaging […]
DS Smith: Trading statement
The packaging and office products company, DS Smith warned that rising energy costs would adversely affect its results for the year to April 2006.
The increase in energy and fuel costs for the year is now thought to be twice the previous estimate, which anticipated an increase of £9m. The paper and corrugated packaging […]
DS Smith disposal of paper manufacturing
The packaging and office products company, DS Smith has sold out its paper manufacturing business arm, John Dickinson Stationary to Groupe Hamelin. Although DS Smith has not revealed the selling price, DS Smith paid £17 million to acquire the business in 1996.
The paper manufacturing operation however contributed less than 3% of D.S.Smith’s revenue […]
DS Smith full year results
Full year turnover at DS Smith (to April 2005) increased by 9.2% to £1.6bn with operating profits (before exceptionals and goodwill) up 12.2% to £88m. The operating profit number includes a pension charge of £12.8m (2003/04 £13.4m). Operating profit and turnover benefited from the first full year performance of Linpac (March 2004) which […]
DS Smith : Full year trading statement
As seen in the first half, paper packaging producer DS Smith’s full year turnover and profit growth will be driven by the contribution of Linpac (acquired in March 2004)
DS Smith
The paper packaging producer DS Smith’s first half turnover (to October 2004) was up 7.4% to £800m and operating profit was up 10.8% before the pension charge. This increase in turnover and operating profit is wholly due to the full six month contribution of Linpac, which was acquired in March 2004. DS Smith’s £8m pension […]
Random picks: Antofagasta | BPB | Bovis | Dairy Crest | DSG International | London Stock Exchange | Schroders | Shire | Unilever | Cattles