The European packaging company highlighted in its financial report published today that it had seen strong organic corrugated box volume growth of 3.1%.
And, the company also pointed to growth in all regions as well as what it called “sustainable financial returns”.
Reaction
Miles Roberts, group chief executive, reacted with some delight to the results.
He said: “Strong financial discipline allows us again to deliver on all our priorities. This year has seen the group further strengthen our offering to pan-European customers. The excellent growth we have delivered over the last six years demonstrates the success of this strategic approach.
“Looking ahead, while economic conditions remain uncertain, our innovation-led offering and the scale of our business means that we are confident about further growth and sustainable returns in the years ahead.”
Growth
The company was helped by strong growth from its customers in Europe, according to its financial report.
The report states: “Corrugated box volumes have grown by 3.1 per cent, on a like-for-like basis, with consistent growth throughout the year. All regions have shown growth, with particular good growth from our acquired businesses in our western European and in Central Europe and in Italy.
“This rate of growth is ahead of both our target growth of GDP + 1 per cent and the overall corrugated market in Europe.”
The company has said it remains “ambitious” to grow the business even further in the years ahead.
The report also explained the company’s “sustainability strategy” in regards to recycling.
The report states: “One part of the DS Smith strategy is to lead the way in sustainability. We play our part in the sustainable economy, with our principal product of corrugated packing being fully recyclable, and substantially constructed from recyclable material, as are many of our plastic products.”
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