DS Smith, a leading provider of corrugated & plastics packaging reported a revenue of £4.066 billion for the year to the end of April 2016. Adjusted operating profits were £379 million, up 13 per cent on the same period last year and profit before tax was £201 million, up one per cent on last year.
The company had a very dynamic 2015 with the acquisition of Lantero, one of the main Spanish and global referents in the packaging industry and TRM, leading designer and manufacturer of retail ready packaging and shelf ready packaging. In 2016 the company’s strategy seems also to focus on acquisitions. On the 22nd DS Smith announced that has reached an agreement to acquire Creo, a specialist in Point of Sale and display products and services for in-store marketing, located in the South East of England and Gopaca, a well-invested corrugated producer, located near Porto, Portugal.
Miles Roberts, Group Chief Executive, commented: “We are delighted to report another year of strong growth underpinned by ten per cent organic growth in our adjusted operating profit supplemented by six per cent from acquisitions. Strong financial discipline allows us again to deliver on all our priorities. The year has seen the Group further strengthen our offering to pan-European customers, who increasingly require an international partner who not only designs and produces high quality packaging, but also works collaboratively with them to manage their supply chains and drive sales in a multi-channel retail environment. The excellent growth that we have delivered over the last six years demonstrates the success of this strategic focus. Looking ahead, while economic conditions remain uncertain, our innovation-led offering and the scale of our business means that we are confident about further growth and sustainable returns in the years ahead.”