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United Kingdom

DS Smith PLC (SMDS.L)

SMDS.L on London Stock Exchange

517.80GBp
22 Jun 2018
Change (% chg)

-0.40 (-0.08%)
Prev Close
518.20
Open
520.00
Day's High
523.40
Day's Low
512.40
Volume
4,042,895
Avg. Vol
3,318,978
52-wk High
583.00
52-wk Low
439.60

Latest Key Developments (Source: Significant Developments)

DS Smith Announces Rights Issue To Raise Proceeds Of About £1 Bln
Tuesday, 19 Jun 2018 

June 19 (Reuters) - DS Smith Plc ::FULLY UNDERWRITTEN RIGHTS ISSUE RAISING PROCEEDS OF C. £1,000 MILLION TO PART FUND ACQUISITION OF EUROPAC.RIGHTS ISSUE WILL BE ON FOLLOWING BASIS: 3 FOR 11 RIGHTS ISSUE AT 350 PENCE PER NEW SHARE.RIGHTS ISSUE WILL RESULT IN ISSUE OF 293.1 MILLION NEW SHARES, REPRESENTING ABOUT 27.3 PCT OF DS SMITH.  Full Article

DS Smith Posts FY Adjusted Pretax Profit Of 473 Mln Pounds
Monday, 18 Jun 2018 

June 18 (Reuters) - DS Smith PLC ::FINAL DIVIDEND 9.8 PENCEPER SHARE.FY REVENUE 5,765 MILLION STG, UP 17 PERCENT IN CONSTANT CURRENCY.DS SMITH PLC SAYS "CURRENT YEAR HAS STARTED WELL, WITH VOLUME GROWTH MOMENTUM SEEN IN 2017/18 CONTINUING INTO NEW FINANCIAL YEAR".ONGOING RECOVERY OF PAPER PRICE RISES ANNOUNCED EARLIER THIS CALENDAR YEAR PROGRESSING AS EXPECTED.FY ADJUSTED PROFIT BEFORE TAX 473 MILLION STG, UP 17 PERCENT IN CONSTANT CURRENCY.FY ROACE 14.1 PERCENT.DS SMITH PLC SAYS "GROUP PERFORMED VERY STRONGLY IN 2017/18".RECOMMENDS A FINAL DIVIDEND OF 9.8 PENCE PER SHARE.FY RETURN ON SALES 9.2 PERCENT.SIGNIFICANT ORGANIC VOL GROWTH, REVENUE GROWTH REFLECT RECOVERY OF PAPER PRICES, GROWTH FROM ACQUISITIONS MORE THAN OFFSET INPUT COST HEADWINDS.DS SMITH PLC SAYS IS CONFIDENT IT WILL ACHIEVE ALL OF ITS MEDIUM-TERM FINANCIAL MEASURES.  Full Article

Europac To Pay Complementary Dividend Of 0.293 Eur/Shr
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Europac ::TO PAY COMPLEMENTARY DIVIDEND OF 0.293 EURO PER SHARE.ADDITIONAL DIVIDEND DOES NOT AFFECT AMOUNT OF 16.80 EURO PER SHARE OFFERED BY DS SMITH IN TAKEOVER BID FOR THE COMPANY.  Full Article

DS Smith CEO Says Hopes To Complete Europac Acquisition In Q4 2018
Monday, 4 Jun 2018 

June 4 (Reuters) - DS Smith CEO::SAYS HOPES TO COMPLETE EUROPAC ACQUISITION IN Q4 2018.SAYS WON'T BE PROCEEDING WITH GREENFIELD SITE IN SPAIN.SAYS "NOT ENOUGH FUEL IN THE TANK FOR A MASSIVE ACQUISITION" IN THE U.S.  Full Article

DS Smith Says Proposed Acquisition Of Europac
Monday, 4 Jun 2018 

June 4 (Reuters) - DS Smith PLC ::PROPOSED ACQUISITION OF EUROPAC AND FULLY UNDERWRITTEN RIGHTS ISSUE.PROPOSED ACQUISITION OF PAPELES Y CARTONES DE EUROPA, S.A., KNOWN AS EUROPAC.OFFER PRICE OF EUR 16.80 PER EUROPAC SHARE VALUES ENTIRE SHARE CAPITAL OF EUROPAC AT EUR 1,667 MILLION.EXPECTS THAT DEAL WILL CREATE SIGNIFICANT VALUE FOR CUSTOMERS AND CONSISTENT AND ATTRACTIVE RETURNS FOR DS SMITH SHAREHOLDERS.SUBSTANTIAL ANNUAL RUN-RATE PRE-TAX COST SYNERGIES OF EUR 50 MILLION (C.£44 MILLION) AND FURTHER INTEGRATION BENEFITS IDENTIFIED FROM DEAL.ATTRACTIVE FINANCIAL RETURNS WITH ACQUISITION ACCRETIVE TO EPS AND ROIC (PRE-TAX) TO EXCEED WACC IN FIRST FULL FINANCIAL YEAR OF OWNERSHIP.EXPECTED TO HAVE NET DEBT TO EBITDA OF LESS THAN 2.5 TIMES BY END OF CURRENT FINANCIAL YEAR.  Full Article

DS Smith Says For Year Ended April 30, Continues To Perform In Line With Expectations
Tuesday, 1 May 2018 

May 1 (Reuters) - DS Smith PLC ::YEAR ENDED 30 APRIL 2018 CONTINUES TO PERFORM IN LINE WITH OUR EXPECTATIONS.IN FY EXPECT RETURN ON SALES TO BE IN LINE WITH PRIOR YEAR.  Full Article

DS Smith posts HY Pre-tax Profit 144 Mln Stg
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - DS SMITH PLC ::INTERIM DIVIDEND 4.9 PENCEPER SHARE.HY ‍REVENUE 2,800 MILLION STG, UP 19%​.‍HY PROFIT BEFORE TAX 144 MILLION STG, DOWN 1%​.‍INTERIM DIVIDEND PER SHARE 4.9P​, INCREASE OF 7%.‍BOARD REMAINS CONFIDENT ABOUT OUTLOOK FOR DS SMIT​.‍NET DEBT AT 31 OCTOBER 2017 WAS £1,406 MILLION​.  Full Article

DS Smith HY trading in line with expectations
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - DS Smith Plc ::PRE-CLOSE TRADING UPDATE IN RESPECT OF HALF YEAR ENDING 31 OCTOBER 2017​.DS SMITH-HY ‍VOLUME GROWTH HAS BEEN CONSISTENTLY VERY STRONG THROUGHOUT PERIOD, AND ACROSS ALL OUR REGIONS, DRIVEN BY OUR PAN-EUROPEAN AND E-COMMERCE CUSTOMERS​." ‍WE ARE CONTINUING TO RECOVER INCREASE IN PAPER PRICES WITH OUR PACKAGING CUSTOMERS"​.‍TRADING IS IN LINE WITH OUR EXPECTATIONS IN HALF YEAR WITH RETURN ON SALES FOR PERIOD BROADLY CONSISTENT WITH THAT REPORTED FOR FULL YEAR TO 30 APRIL 2017​.  Full Article

DS Smith to acquire EcoPack and EcoPaper
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - DS Smith Plc :‍ENTERED INTO AN AGREEMENT TO ACQUIRE ECOPACK AND ECOPAPER, FOR AN ENTERPRISE VALUE OF CIRCA EUR 208 MILLION​.‍ACQUISITION IS EXPECTED TO BE EARNINGS ENHANCING IMMEDIATELY​.‍CONSIDERATION AND DEBT REPAYMENT TO BE SATISFIED FROM EXISTING FACILITIES, AND FROM EUR 35 MILLION OF DS SMITH SHARES TO BE ISSUED TO VENDOR​.DEAL ‍COMPLETION IS EXPECTED WITHIN THIRD FISCAL QUARTER, FOLLOWING ROMANIAN COMPETITION AUTHORITY APPROVAL​.  Full Article

DS Smith says outlook remains positive
Tuesday, 6 Sep 2016 

Ds Smith Plc : Agm trading statement . Today issues a trading update in respect of period since 1 May 2016 . Business has made good progress since start of year and performance has been in line with our expectations . Volume growth remains good, particularly from pan-European customer . Our return on sales and return on average capital employed have both shown further improvement versus comparable prior year period .Notwithstanding increased political and economic uncertainty within europe, our outlook remains positive-CEO.  Full Article

Deals of the day-Mergers and acquisitions

June 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: