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Pre-Close Trading Update

17th Oct 2007 07:00

Smith (DS) PLC17 October 2007 17 October 2007 DS SMITH PLC PRE-CLOSE TRADING UPDATE DS Smith Plc, the international packaging manufacturer and office productswholesaler, today issues the following trading update for the half year ending31 October 2007. The Group's overall trading performance in the first half of 2007/08 has beengood. The trends within the business segments have been broadly as described inour Interim Management Statement issued on 5 September 2007. Mostsignificantly, the UK Paper and Corrugated Packaging segment has benefitedstrongly from the price increases implemented in the second half of 2006/07 torecover higher input costs. We anticipate that pre-exceptional profit beforetax for the first half of the year will exceed £50 million (H1 2006/07: £29.0million). Looking ahead to the remainder of the financial year, key influences on theGroup's performance will be the rate of our recovery of raw material costincreases, the level of demand across our markets in the light of any generaleconomic slow-down and the extent of the normal seasonal increase in our energycosts during the winter months. The Board is confident that the Group will makesubstantial progress this year. DS Smith will announce its results for the six months to 31 October 2007 on 5 December 2007. Enquiries DS Smith Plc 020 7932 5000 Tony Thorne, Group Chief Executive Gavin Morris, Group Finance Director Peter Aubusson, Group Communications Manager Financial Dynamics 020 7269 7121 Richard Mountain/Susanne Yule This information is provided by RNS The company news service from the London Stock Exchange

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Smith (DS)
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