DS Smith PLC

DS Smith PLC (LSE: SMDS) is an FTSE 100 index-listed provider of sustainable packaging solutions, paper products, and recycling services worldwide. The Company’s products and services include packaging solutions, recycling services, paper products, point-of-sales display solutions, and packaging machinery.

FY23 Final Results (released on 22 June 2023)

• Increased Sales: The group reported an increase of 14% in the total sales to GBP 8,221 mn in FY23 as compared to the revenue of GBP 7,241 mn in FY22. The increase in selling prices on account of higher input costs, packaging prices, etc led to incremental sales of GBP 1,196 mn which was slightly offset by the impact of reduction in the volumes by GBP 398 mn in the reported period.
• Improved Bottom Line: The operating profit saw an uptick and remained at GBP 733 mn in FY23 versus GBP 443 mn in pcp, whereas the operating profit before income tax also rose to GBP 661 mn in FY23 when measured against GBP 378 mn in pcp.
• Dividend Declaration: The management declared the final dividend of GBX 12.00 per share which will be paid to the shareholders in October 2023. This brings an increase of 20% to the total dividend of GBX 18.00 per share as compared to FY22.
• Outlook: The Standard & Poor gave an investment grade rating to the SMDS group. The macro headwinds lead to lower than the normal volumes of the boxes, but the trading is expected to be as per the previous estimates. Further, the group is working toward nurturing the client relationship and driving cost efficiency and growth for providing better results in the future.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

DS Smith PLC (LSE: SMDS) was trading at the current market price at GBX 273.60 (as of 23 June 2023, 08:30 AM GMT+1).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 23 June 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.’

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