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    SMDS   GB0008220112

DS SMITH PLC

(SMDS)
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Delayed Quote. Delayed London Stock Exchange - 07/28 11:38:38 am
428.3 GBX   +0.33%
03:23aDS SMITH : Launches e-commerce platform into Europe
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DS Smith : Duenas Paper Mil implements advanced equipment for the reduction of defects in final and intermediate product

06/15/2021 | 04:24am EDT

DS SMITH SPAIN SA has carried out the project presented to the DIRECT LINE OF INNOVATION called 'IMPLEMENTATION OF ADVANCED EQUIPMENT FOR THE REDUCTION OF DEFECTS IN FINAL AND INTERMEDIATE PRODUCT'.

Being this subsidy co-financed by the European Regional Development Fund (FEDER) through the Operational Program of R&D&I by and for the benefit of companies - technological fund -, so it is subject to the FEDER regulatory provisions that are applicable to it.

The objective of the project from the beginning has been the installation of a water cleaning equipment that allows, on the one hand, to reduce fabric breaks, improve drainage, reduce the amount of downgrade paper or reclassified to lower grades than the target, reduce chemical consumption and reduce maintenance time. Another objective is the installation of a vibration control and management system for the rotating elements of the dryer section.

The project is being carried out at DS SMITH's Dueñas Paper Mill between July 26, 2020 and July 25, 2021, with an approved budget of €799,855.00.

Disclaimer

DS Smith plc published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 08:23:07 UTC.


ę Publicnow 2021
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Sales 2022 6 392 M 8 882 M 8 882 M
Net income 2022 319 M 443 M 443 M
Net Debt 2022 1 746 M 2 426 M 2 426 M
P/E ratio 2022 19,1x
Yield 2022 3,42%
Capitalization 5 881 M 8 162 M 8 173 M
EV / Sales 2022 1,19x
EV / Sales 2023 1,14x
Nbr of Employees 28 864
Free-Float 96,5%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 428,50 GBX
Average target price 468,44 GBX
Spread / Average Target 9,32%
EPS Revisions
Managers and Directors
Miles William Roberts Group Chief Executive Officer & Executive Director
Adrian R. T. Marsh Group Finance Director & Executive Director
Geoffrey Drabble Chairman
Rupert Christopher Soames Senior Independent Director
Louise Helen Smalley Non-Executive Director
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