DS Smith Plc – AGM trading statement
03/09/2024 07:00
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RNS Number : 6076C Smith (DS) PLC 03 September 2024
3 September 2024
DS Smith Plc - AGM trading statement
DS Smith Plc ("DS Smith"), today issues a trading update in respect of the
period since 1 May 2024.
Current trading
The market and business trends described in the outlook statement contained in
our financial results for the year 30 April 2024 have continued, with overall
trading for the current financial year in line with DS Smith management
expectations.
Combination with International Paper ("IP")
The implementation of the combination of IP and DS Smith remains on track with
the recent filing of the preliminary proxy statement by IP with the SEC.
Subject to the completion of the SEC's review process of the IP proxy
statement, we expect to post our scheme documentation to shareholders in the
near term.
Enquiries
DS Smith Plc
Investors
+44 (0)20 7756 1800
Hugo Fisher, Group Investor Relations Director
Anjali Kotak, Investor Relations Director
Media
Greg Dawson, Group Corporate Affairs Director
Brunswick
+44 (0)20 7404 5959
Simon Sporborg, Dan Roberts
About DS Smith
DS Smith (https://www.dssmith.com/) is a leading provider of sustainable
paper-based packaging worldwide which is supported by recycling and
papermaking operations. It play a central role in the value chain across
sectors including e-commerce, fast moving consumer goods and industrials.
Through its purpose of 'Redefining Packaging for a Changing World' and its Now
and Next (https://www.dssmith.com/sustainability/sustainability-strategy)
sustainability strategy, DS Smith is committed to leading the transition to
the circular economy, while delivering more circular solutions for its
customers and wider society - replacing problem plastics, taking carbon out of
supply chains and providing innovative recycling solutions. Its bespoke
box-to-box in 14 days
(https://www.dssmith.com/sustainability/circular-economy/our-business/box-to-box-in-14-days)
model, design capabilities and innovation strategy sits at the heart of this
response. DS Smith operates in 34 countries employing around 30,000 people and
is a Strategic Partner of the Ellen MacArthur Foundation.
Cautionary statement
This announcement contains certain forward-looking statements with respect to
the operations, performance and financial condition of the Group. By their
nature, these statements involve uncertainty since future events and
circumstances can cause results and developments to differ materially from
those anticipated. The forward-looking statements reflect knowledge and
information available at the date of preparation of this announcement and DS
Smith plc undertakes no obligation to update these forward-looking statements.
Nothing in this trading statement should be construed as a profit forecast.
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