DS Smith PLC - London-headquartered maker of paper-based packaging - Says overall trading since the start of its financial year in May has been in line with its expectations, helped by "resilient pricing" and cost-control measures. Like-for-like performance in corrugated box volumes has improved since the start of the financial year, DS Smith says, but remains below a year before. More positively, it notes "clear signs" of less customer de-stocking.
"While the economic environment in which we operate remains challenging we have started the financial year well," says Chief Executive Miles Robert.
Current stock price: 306.80 pence, down 0.9% in London on Tuesday morning
12-month change: up 17%
By Tom Waite, Alliance News editor
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Smith (DS) (SMDS)