DS Smith PLC (FRA:1KR)

€ 6.575 0.14 (2.17%) Market Cap: 9.07 Bil Enterprise Value: 11.77 Bil PE Ratio: 19.80 PB Ratio: 1.93 GF Score: 74/100

Q1 2020 DS Smith PLC Trading Statement Call Transcript

Sep 03, 2019 / 07:00AM GMT

Release Date Price: €3.59 (-4.27%)

Transcript

Operator

Hello and welcome to the DS Smith Q1 AGM trading statement.

My name is Jess, and I'll be your coordinator for today's event. (Operator Instructions) I will now hand you over to your host, Miles Roberts, to begin today's call.

Thank you.

Miles W. Roberts

DS Smith Plc - Group Chief Executive & Executive Director

Good morning, everybody, and firstly, thank you very much for joining us on this call today.

I'm Miles Roberts, the Chief Executive; and I'm joined here with Adrian Marsh, our CFO.

Our statement today covers our trading period since the 1st of May 2019. And overall, the business to -- continues to progress well despite the as-expected continued macroeconomic uncertainty, and our expectations for overall financial performance remain unchanged. Our excellent customer engagement and differentiators of scale, service, quality and innovation have enabled strong pricing discipline. This, combined with ongoing cost efficiencies and focus on cash generation, together with new business wins in Europe and in the U.S.,

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