6th May 2015 06:47
LONDON (Alliance News) - Packaging company DS Smith PLC on Wednesday said it is trading in line with expectations and with its medium-term growth targets as its underlying growth offsets a continued challenge posed to its results by the strength of sterling.
The company said its trading in the year to the end of April was in line with its expectations, with second half volume growth outpacing the first. Growth has been seen across its regional operations, the company said, with the roll-out of its design centres seeing good customer demand.
DS Smith said its return on sales and return on capital have continued to improve owing to further business integration, an increase in the volume of value-added products offered to customers and operational efficiencies across the business.
The group said its outlook remains positive and it is trading in line with its medium-term financial targets, in spite of economic challenges in a number of its key markets.
"We are pleased with the performance of the business in the year, in particular the continued market share and volume growth. We continue to actively manage our business portfolio and the progress we have made with customers during the year, together with the opportunities we see for growth in these markets, gives us confidence in the prospects for the business," said Miles Roberts, DS Smith's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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