# DS Smith overall trading in line with expectations

- Link: https://www.directorstalkinterviews.com/ds-smith-overall-trading-in-line-with-expectations/4121126578
- Published: 2023-09-05T07:18:46+01:00
- Author: Amilia Stone

**[DS Smith Plc](https://www.directorstalkinterviews.com/ftse-company/ds-smith/smds.l)**(
LON:SMDS), has issued a trading update in respect of the period since 1 May 2023.

**Trading in line with expectations**

·    Overall trading is in line with our expectations, driven by continued resilient
pricing and strong cost control measures, despite end markets remaining challenging.

·    Like for like performance in corrugated box volumes has improved since the 
start of the financial year, with clear signs of reduction in customer de-stocking,
while remaining below the prior year comparative.

**Inaugural Green bond**

·    €1.5 billion inaugural green bonds issued in July, which has significantly 
extended our debt maturity profile at attractive terms.

> **Miles Roberts, DS Smith Chief Executive, said:**
> “While the economic environment in which we operate remains challenging we have
> started the financial year well. We continue to work closely with our customers,
> meeting their evolving needs and are pleased with their positive feedback and 
> the progress we are making. This, together with our ongoing focus on cost and 
> operational efficiencies and our robust and flexible supply chain, positions us
> well for the remainder of FY24 and beyond.”

**Conference Call**

There will be a conference call for analysts and investors, hosted by Miles Roberts,
today at 8:00am UK time. The dial in number is:

UK/International     +44 (0) 33 0551 0200

UK Toll Free            0808 109 0700

Password                DS Smith

A play-back facility of this call will be available until 12 September 2023. The
dial-in number is: +44 (0) 20 8196 1595, access pin 5706173#. A recording will also
be available through the Investor Relations section of our website: https://www.
dssmith.com/investors/results-and-presentations

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