Smith (DS) (SMDS)

Sector:

Manufacturing

Index:

FTSE 100

309.10p
   
  • Change Today:
      4.60p
  • 52 Week High: 462.30
  • 52 Week Low: 293.10
  • Currency: UK Pounds
  • Shares Issued: 1,375.92m
  • Volume: 2,630,083
  • Market Cap: £4,252.98m
  • RiskGrade: 168

DS Smith sees H1 in line as price rises offset higher costs

By Frank Prenesti

Date: Thursday 28 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Packaging company DS Smith said its first half was in line with expectations as price rises offset rising input costs.
The company on Thursday said corrugated box volume growth had "very good" in the six months to October 31, with the fast-moving consumer goods sector, which accounts for more than 80% of volume, particularly strong.

Smith said the sector had made continuing gains with large multinational customers.

"Our strength in sustainability and our ability to help customers as they position themselves for a more circular economy, including replacing single-use plastic packaging and introducing low carbon products, continues to gain increasing customer traction," said chief executive Miles Roberts.

E-commerce had continued to grow despite the physical stores reopening as Covid-19 pandemic lockdowns were eased.

Input cost increases combined with high demand had led to significant paper price rises, the company said.

Smith said input costs including energy and logistics had seen "significant increases" throughout the half.

"In relation to energy, our long-term hedging arrangements have given us significant protection from the recent price rises. More generally, strong long-term supplier relationships have allowed us to maintain good levels of service to our customers," Roberts said.

He added that areas such as logistics had been supported by its own in-house fleet of vehicles as UK driver shortages hit supply chains.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Smith (DS) Market Data

Currency UK Pounds
Share Price 309.10p
Change Today 4.60p
% Change 1.51 %
52 Week High 462.30
52 Week Low 293.10
Volume 2,630,083
Shares Issued 1,375.92m
Market Cap £4,252.98m
RiskGrade 168

Smith (DS) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.51% above the market average90.51% above the market average90.51% above the market average90.51% above the market average90.51% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
54.72% below the market average54.72% below the market average54.72% below the market average54.72% below the market average54.72% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
68.07% above the market average68.07% above the market average68.07% above the market average68.07% above the market average68.07% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
80.52% below the market average80.52% below the market average80.52% below the market average80.52% below the market average80.52% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith (DS) Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Apr-22 07-Oct-21
Paid 03-May-22 01-Nov-21
Amount 4.80p 8.10p

Trades for 27-May-2022

Time Volume / Share Price
16:45 6,073 @ 308.50p
16:45 6,073 @ 308.50p
16:35 958,273 @ 309.10p
16:29 231 @ 308.50p
16:29 40 @ 308.50p

Smith (DS) Key Personnel

CEO Miles Roberts

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