Half Year 2022 DS Smith PLC Earnings Call Transcript
So good morning, and welcome. Welcome to our presentation on the results for the 6 months to the end of October. I'm Miles Roberts, the group's Chief Executive. And I'm joined by my colleague, Adrian Marsh, our Group Finance Director.
The half year show continuing good progress right across the company. As a solely fiber-based business that's with no plastics, we continue to benefit from a very dynamic market, a market we positioned ourselves to benefit from. Different retail channels are developing quickly and continue to change.
And there's a different relationship between consumers and packaging and, of course, COP26. It has intensified the debate and the demand for circular solutions as well as carbon reduction. So all of this has positioned us not only to grow in the last 6 months but for continued good growth.
With this background, we've seen our volumes grow strongly, up 9.4%, but we're also seeing good pricing momentum, which when combined with our financial hedging and long-term deep
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