DS Smith has reported like-for-like improvement in corrugated box volumes in the first half of the year.<\/p>\n\n\n\n
In a pre-close trading update, DS Smith said that box performance improved quarter on quarter, although this remains below the previous year.<\/p>\n\n\n\n
It added that pricing was \u201cmore resilient than expected\u201d and put that down to its \u201cstrong customer relationships, ongoing innovation and high service levels\u201d. Price declines were offset by reduced input costs and cost mitigation.<\/p>\n\n\n\n
DS Smith said that overall trading remains in line with expectations, with adjusted EBITA for the six months to 31 October 2023 expected to be approximately \u00a3360m.<\/p>\n\n\n\n
Miles Roberts, Group chief executive, said: \u201cOverall, I am pleased with our robust performance during the first half. Despite an ongoing weak macro-economic environment, we expect volume performance to improve, with second half volume performance anticipated to be better than the first half. We continue to invest behind our customers, focusing on providing them with value added solutions and this, together with our strong operational performance, means we are positioned well for the remainder of FY24.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
DS Smith has reported like-for-like improvement in corrugated box volumes in the first half of the year. In a pre-close trading update, DS Smith said that box performance improved quarter on quarter, although this remains below the previous year. It added that pricing was \u201cmore resilient than expected\u201d and put that down to its \u201cstrong<\/p>\n","protected":false},"author":1,"featured_media":12009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[112],"class_list":{"0":"post-12008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corrugated-folding-carton","8":"tag-ds-smith"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/12008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=12008"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/12008\/revisions"}],"predecessor-version":[{"id":12010,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/12008\/revisions\/12010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/12009"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=12008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=12008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=12008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}