Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Mondi plc
  6. News
  7. Summary
    MNDI   GB00B1CRLC47

MONDI PLC

(MNDI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

UK's DS Smith gains from orders packed and shipped in online boom

03/03/2021 | 05:33am EDT
FILE PHOTO: Sheets of cardboard are pictured inside the box manufacturing company DS Smith Packaging Atlantique in La Chevroliere

(Reuters) - DS Smith expects demand for its paper and fibre-based packaging supplies to continue growing in 2021, fuelled by a pandemic-drive boom in online shopping that will help the British firm deliver annual results in line with expectations.

The cardboard maker, which counts e-commerce firms and consumer packaged goods companies as major customers, is benefiting from heavy spending on packaging materials to ensure items are delivered safely.

Chief Executive Miles Roberts said the COVID-19 crisis had accelerated growth in e-commerce and demand for sustainable products, as consumers stuck at home turned to the internet for everything from daily needs to clothing.

"We are very strongly positioned to continue gaining from this momentum," Roberts told Reuters, after DS Smith reported strong trading over the Christmas holiday period and saw signs of recovery in demand from industrial customers.

The FTSE-100 firm, whose shares were up about 2% in early trade, has been in the headlines after Bloomberg News reported that rival Mondi was considering making a takeover offer.

Roberts declined to comment on "what other companies may be doing" and said DS Smith's board was "focused on maximising value for shareholders in whatever form that comes in."

The company has seen a rise in costs as paper prices climbed but made up for that by charging customers more, it said.

DS Smith supplies products to companies such as Amazon, Nestle and Unilever.

Profit in the six months to October more than halved due to lower prices and weak industrial demand, but the company resumed paying a dividend to show confidence in its ability to ride out the crisis.

Roberts said DS Smith intended to continue paying shareholders on the back of an expected strong cashflow performance for fiscal 2020.

(Reporting by Pushkala Aripaka and Priyanshi Mandhan in Bengaluru; Editing by Anil D'Silva and Edmund Blair)

By Pushkala Aripaka


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DS SMITH PLC 0.14% 420.8 Delayed Quote.12.33%
FTSE 100 -0.28% 7000.08 Delayed Quote.8.65%
MONDI PLC -0.43% 1969 Delayed Quote.14.51%
NESTLé S.A. -2.04% 106.48 Delayed Quote.2.13%
UNILEVER PLC -0.60% 4132.5 Delayed Quote.-5.92%
All news about MONDI PLC
04/16MONDI  : UBS Lifts Mondi PT, Maintains Buy Rating
MT
04/15MONDI  : Extensive paper portfolio from Mondi´s Neusiedler mill in Austria is no..
PU
04/08MONDI PLC : Ex-dividend day for final dividend
FA
04/06MONDI  : Spanish fashion retailer Alvaro Moreno to save 90 tonnes of plastic per..
PU
03/30MONDI  : new packaging for Bell Germany's ‘Abraham' ham range requires 37%..
PU
03/25MONDI  : Credit Suisse Lifts Mondi PT, Maintains Outperform Rating
MT
03/23MONDI PLC  : - Annual Financial Report
PR
03/23MONDI PLC  : Financial report
CO
03/22MONDI  : Posting of Integrated report, publication of Sustainable Development re..
PU
03/22MONDI  : becomes member of Alliance For Water Stewardship (AWS) to tackle climat..
PU
More news
Financials
Sales 2021 6 998 M 8 444 M 8 444 M
Net income 2021 684 M 825 M 825 M
Net Debt 2021 1 787 M 2 157 M 2 157 M
P/E ratio 2021 16,3x
Yield 2021 2,89%
Capitalization 11 093 M 13 356 M 13 385 M
EV / Sales 2021 1,84x
EV / Sales 2022 1,73x
Nbr of Employees 26 061
Free-Float 99,1%
Chart MONDI PLC
Duration : Period :
Mondi plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MONDI PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 23,72 €
Last Close Price 22,88 €
Spread / Highest target 14,6%
Spread / Average Target 3,70%
Spread / Lowest Target -9,93%
EPS Revisions
Managers and Directors
NameTitle
Andrew King Group Chief Executive Officer & Executive Director
Mike Powell Chief Financial Officer & Executive Director
Philip Edward Yea Chairman
Lars Mallasch Director-Group Technical & Sustainability
Stephen C. Harris Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MONDI PLC14.51%13 356
INTERNATIONAL PAPER COMPANY15.00%22 462
WESTROCK COMPANY24.44%14 275
PACKAGING CORPORATION OF AMERICA2.33%13 311
SMURFIT KAPPA GROUP PLC9.04%12 838
SIG COMBIBLOC GROUP AG12.37%8 510