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LON100:SMDS, Dec 11, 04:50 UTC

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Thursday, December 06


News

EXTRA: DS Smith To Sell Plastics Unit, Interim...

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LONDON (Alliance News) - Packaging giant DS Smith on Thursday announced it will be exploring ... LONDON (Alliance News) - Packaging giant DS Smith on Thursday announced it will be exploring opportunities to sell its plastics division, as it reported growth in its five global regions. The FTSE 100-listed company reported a sharp rise in group profit and revenue, resulting in the company increasing its interim payout. DS Smith said, following an initial review, it has concluded its Plastics division is an "attractive asset with good growth prospects". As a result, the company is "now exploring opportunities" to sell the division. Central Europe & Italy reported a 14% increase in revenue to GBP815 million from GBP717 million last year. Organic corrugated box volumes increased alongside the group average, reflecting, in particular, "a very good" performance from Italy, driven by e-commerce.

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DS Smith profit jumps, looking to sell plastics division

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Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Packaging company DS Smith Plc (Frankfurt: 877238 - news) on Thursday reported a 32 percent jump in first-half adjusted operating profit as it sold more boxes at higher prices, and said it was exploring options for a potential sale of its plastics division. The company has been raising prices for its boxes to improve margins and offset higher pulp and paper costs. It supplies recyclable packaging material to companies including Amazon.com (NasdaqGS: AMZN - news) Inc, British fashion chain Next Plc (LSE: NXT.L - news) and for brands such as Aldi, Tesco (Frankfurt: 852647 - news) , Primark, Auchan and IKEA. Adjusted operating profit from continuing operations rose to 304 million pounds ($386.4 million) for the six months to Oct (Shenzhen: 000069.SZ - news) .

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DS Smith's H1 profit jumps, looks to sell plastics division

SMDS

DS Smith's H1 profit jumps, looks to sell plastics division. Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Packaging company DS Smith Plc (Frankfurt: 877238 - news) on Thursday reported a 32 percent jump in first-half adjusted operating profit as it sold more boxes at higher prices, and said it was exploring a sale of its plastics division. Adjusted operating profit from continuing operations rose to 304 million pounds ($386.4 million) for the six months to Oct (Shenzhen: 000069.SZ - news) . 31, from 231 million pounds a year earlier, the FTSE-100 firm said.

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Friday, November 23


News

Analysts Set DS Smith plc (SMDS) PT at $576.00 – Marea Informative

SMDS

Analysts Set DS Smith plc (SMDS) PT at $576.00 – Marea Informative. DS Smith plc (LON:SMDS) has received a consensus rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 576 ($7.53). Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 540 ($7.06) price objective on shares of DS Smith in a research report on Wednesday, August 22nd.

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DS Smith North America Paper and Packaging Supports Mountaire Farms' 24th Annual Thanksgiving for Thousands

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Mountaire's Thanksgiving for Thousands program, launched 24 years ago, fosters community spirit by bringing together employees, local charities and other contributors all along the Delmarva Peninsula. Hundreds of volunteers, including employees from Mountaire, DS Smith and many local groups worked together in Selbyville, DE and Lumber Bridge, NC to pack nearly 10,000 dinner boxes in time for the Thanksgiving holiday. DS smith facilities in Cambridge, MD and Reading, PA have worked closely with suppliers Mark/Trece, Inc. and Stafford Cutting Dies, Inc. to produce and donate the corrugated boxes needed for this food drive and other Mountaire initiatives throughout the year. DS Smith North America Packaging and Paper produces Greencoat for poultry, produce and other applications where adverse conditions require moisture and temperature-resistant packaging, and as a part of DS Smith worldwide, is a leading provider of sustainable corrugated packaging solutions. SOURCE DS SmithView Comments and Join the Discussion!

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Monday, November 19


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DS Smith plc (SMDS) Given Average Recommendation of “Buy” by Analysts – PressOracle

SMDS

The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 576 ($7.53). Finally, Numis Securities reaffirmed an “add” rating and set a GBX 585 ($7.64) target price on shares of DS Smith in a research note on Tuesday, September 4th. In other news, insider Adrian Marsh sold 175,373 shares of DS Smith stock in a transaction dated Tuesday, September 4th. DS Smith has a 12-month low of GBX 5.26 ($0.07) and a 12-month high of GBX 565 ($7.38).

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Monday, November 12


News

DS Smith Named UK Packaging Company Of The Year - Covering the Printing Inks, Coatings and Allied Industries

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In particular, the judges commended DS Smith for its growth in the e-commerce market, with innovations such as its Made2Fit and DISCS (Drop, Impact, Shock, Crush, Shake) technologies, which tackle key challenges such as void space and pack protection in the supply chain. Corrugated: Retail Ready and Point of Sale - Sam’s Club Export Pack - DS Smith Packaging Louth;.

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Friday, November 09


News

Peel Hunt Reaffirms Buy Rating for DS Smith (SMDS) – Fairfield Current

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Jefferies Financial Group restated a hold rating and issued a GBX 540 ($7.06) target price on shares of DS Smith in a research note on Wednesday, August 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DS Smith has a one year low of GBX 5.26 ($0.07) and a one year high of GBX 565 ($7.38). In other news, insider Miles Roberts sold 754,037 shares of the firm’s stock in a transaction dated Thursday, September 13th.

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Tuesday, November 06


News

DS Smith expects first-half profit to be 'materially ahead'

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DS Smith expects first-half profit to be 'materially ahead'. Nov 6 (Reuters) - Packaging company DS Smith (Frankfurt: 877238 - news) said it expects adjusted operating profit for the first half of the year to be "materially ahead" from last year as it was able to sell more boxes at higher prices to offset higher production costs. The packaging company, which supplies corrugated cardboard, recycled paper and plastic packaging to firms including Amazon.com Inc, said the strategic review of its plastics division was progressing well. DS Smith, which supplies brands such as Aldi, Tesco (Frankfurt: 852647 - news) , Primark, Auchan and IKEA, has been increasing prices for its boxes to offset higher pulp and paper costs.

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Wednesday, October 24


News

Crispin Odey's hedge fund goes £30 million short on packaging giant DS Smith

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Crispin Odey's hedge fund goes £30 million short on packaging giant DS Smith. Evening Standard24 October 2018, 10:42 GMT. Hedge fund Odey Asset Management has taken aim at UK cardboard giant DS Smith with a £30 million short bet amid fears of a packaging industry slowdown. The FTSE 100 supplier, which churns out 16 billion boxes per year and makes Amazon packaging, has grown rapidly in recent years thanks to the e-commerce boom. However, its shares have fallen 25% over the past three weeks due to price fears and the market rout. At the same time, the number of DS Smith shares on loan to hedge funds has doubled to 1.18% since the start of the month, according to IHS Markit obtained by the Standard.

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