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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  DS Smith    SMDS   GB0008220112

DS SMITH

(SMDS)
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DS Smith : Packager DS Smith says stocking up on spare parts ahead of Brexit

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06/13/2019 | 03:02am EDT
An employee transports a giant reel of paper at the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere near Nantes

(Reuters) - Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain's planned exit from the European Union, but expected disruption to its operations to be "relatively contained".

The company, which makes corrugated cardboard, recycled paper and plastic packaging, posted a 31% rise in full-year adjusted pretax profit, but said box volumes growth slowed due to previously flagged weakness in certain export markets during the second half of the year.

"We saw some volume weakness in certain export-led markets in the second half of 2018/19, including Germany, but we expect this to improve during the current year," Chief Executive Miles Roberts said.

The company raised its medium-term margin target to 10%-12%, after recording margins of 10.2% this year, beating its 8%-10% guidance range.

DS Smith, which bought Spanish rival Europac for 1.9 billion euros (£1.7 billion) last year, also raised its savings target from the deal to 70 million euros from 50 million euros.

DS Smith supplies packaging products to companies including Amazon.com Inc, British fashion chain Next Plc and brands such as Aldi, Tesco Plc, Primark, Auchan and IKEA.

(Reporting by Justin George Varghese in Bengaluru; Editing by Saumyadeb Chakrabarty and Gopakumar Warrier)

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Financials (GBP)
Sales 2020 6 868 M
EBIT 2020 675 M
Net income 2020 353 M
Debt 2020 1 965 M
Yield 2020 4,96%
P/E ratio 2020 12,6x
P/E ratio 2021 11,9x
EV / Sales2020 0,97x
EV / Sales2021 0,94x
Capitalization 4 731 M
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Technical analysis trends DS SMITH
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 407,17  GBp
Last Close Price 345,00  GBp
Spread / Highest target 42,0%
Spread / Average Target 18,0%
Spread / Lowest Target -18,8%
EPS Revisions
Managers
NameTitle
Miles William Roberts Group Chief Executive Officer & Executive Director
Gareth Davis Chairman
Adrian R. T. Marsh Group Finance Director & Executive Director
Christopher Paul Britton Independent Non-Executive Director
Louise Helen Smalley Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DS SMITH15.27%6 000
INTERNATIONAL PAPER COMPANY2.97%16 326
PCA - PACKAGING CORPORATION OF AMERICA30.98%10 268
MONDI PLC-2.33%9 809
WESTROCK-3.15%9 411
SMURFIT KAPPA GROUP18.40%7 587