DS Smith Launching into FTSE 100

Packaging company DS Smith is a share that many investors are starting to pay closer attention to as it prepares to release its half-year trading statement next week. The company is due to enter the FTSE 100 as a part of the quarterly reshuffle, and it’s been enjoying an upward trend over the last year, gaining 37 percent in that time.

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shareprices.com - Friday, December 01, 2017

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The 6 months update is likely to add to the upward trend, especially considering the strength of the pre-close statement released in late October.

DS Smith said that over the timespan from May to October, volume growth was consistently strong, and that growth was driven by pan-European customers and the e-commerce customers. The company is continuing to recover increasing paper prices with their packaging customers, and while material costs are increasing, the company is still strong.

DS Smith has a strong appetite for acquisitions, and is improving its position as a core packaging technology company, as well as growing its global footprint. It has built up a presence across the whole of Europe, and it serves fast moving consumer goods companies, having operations in three dozen countries. There are plenty of other opportunities for growth, too - as they are building a foothold in the United States.

DS Smith is listed in the FTSE 250, but the reshuffle sees it one of the top in terms of market capitalisation, and ready to make the move to the FTSE 100 when the index changes take place.

 

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