DS Smith (GB:SMDS) has released an update.
DS Smith has reported a resilient full-year performance with a robust adjusted operating profit of £701m against a backdrop of weak consumer demand and high inflation. Despite a 2% decline in box volumes, the company saw an improvement in the fourth quarter and managed to offset pricing pressures through strong customer relationships and cost management. Additionally, DS Smith has made significant progress in sustainability, replacing over 1 billion units of plastic with fibre-based alternatives, and announced a strategic all-share offer from International Paper to create a global leader in sustainable packaging solutions.
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