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

DS SMITH PLC

(SMDS)
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DS Smith : William Hill incoming CFO decides against move amid coronavirus uncertainty

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03/26/2020 | 04:03am EDT
A branded sign is displayed outside a William Hill betting shop in London

Bookmaker William Hill said on Thursday its incoming finance chief, who was supposed to join from cardboard maker DS Smith, has decided to stay on in his current role because of ongoing market uncertainty around the coronavirus crisis.

William Hill announced earlier in February that Adrian Marsh, Finance Director at DS Smith, would join the company later in the year and help steer it through regulatory hurdles in its home market.

"A few months ago it seemed like a good time to move on to a new challenge. However, these are very strange times and my loyalties are to my colleagues and stakeholders in DS Smith," Marsh told Reuters.

Ruth Prior, who is currently serving her notice period at William Hill and was also set to make a move to the private equity sector by joining Element Materials Technology, will continue in the CFO role.

Multiple gambling companies, including William Hill, have warned of a big hit to earnings because of unprecedented cancellations of global sports events caused by the coronavirus, hammering shares across the sector.

Bookmakers were already under pressure from rising taxes in major markets and a crackdown in Britain which includes limits on the size of stakes on gaming machines in betting shops, pushing them to venture into the U.S. market where rules have been relaxed.

(Reporting by Indranil Sarkar in Bengaluru; Editing by Bernard Orr)

Stocks mentioned in the article
ChangeLast1st jan.
DS SMITH PLC 0.45% 277 Delayed Quote.-27.64%
WILLIAM HILL -4.72% 59.24 Delayed Quote.-65.85%
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Financials (GBP)
Sales 2020 6 286 M
EBIT 2020 678 M
Net income 2020 353 M
Debt 2020 2 140 M
Yield 2020 5,91%
P/E ratio 2020 9,73x
P/E ratio 2021 10,6x
EV / Sales2020 0,95x
EV / Sales2021 0,93x
Capitalization 3 812 M
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Technical analysis trends DS SMITH PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 358,91  GBp
Last Close Price 278,00  GBp
Spread / Highest target 58,3%
Spread / Average Target 29,1%
Spread / Lowest Target 0,72%
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
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