DS Smith PLC (LSE:SMDS)
£ 3.704 -0.02 (-0.54%) Market Cap: 5.11 Bil Enterprise Value: 7.13 Bil PE Ratio: 10.80 PB Ratio: 1.27 GF Score: 83/100

Full Year 2023 DS Smith PLC Earnings Call Transcript

Jun 22, 2023 / 08:00AM GMT
Release Date Price: £2.8 (-3.38%)
Miles William Roberts
DS Smith Plc - Group Chief Executive & Executive Director

Good morning, everybody, and a warm welcome to the presentation of our financial results to June 2023. I'm Miles Roberts, the group's Chief Executive. And I'm joined by Adrian Marsh, our CFO, for what is his final presentation before his retirement. But I'm delighted to be also joined by Richard Pike, who will be taking over from Adrian. We have a short presentation followed by a Q&A session, and also we'll be happy to answer any questions you may have.

We're pleased with our performance especially given the volatile trading environment we've been operating through. This performance is really a result of years of focusing on a consistent business model and strategy, working with the world's leading FMCG brands. [Our most] packaging volumes and end consumer demand was more challenging than we originally expected. Our ability to support our customers and thereby increase the value add of our products and services was especially evident. And this is clearly reflected in our pricing, which, when combined with our

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