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

DS Smith PLC AGM Trading Statement Call Transcript

Sep 05, 2023 / 07:00AM GMT

Release Date Price: €3.55 (-3.79%)

Transcript

Operator

Hello, and welcome to the DS Smith AGM Trading Statement. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to Miles Roberts to begin today's conference. Please go ahead, sir.

Miles William Roberts

DS Smith Plc - Group Chief Executive & Executive Director

Good morning, everybody. And firstly, I'd like to thank you all for joining us today. I'm Miles Roberts, the Group's Chief Executive; and I'm joined by Richard Pike, our CFO. Our statement today covers trading for the period since the 1st of May 2023.

I'm very pleased to say that we started the financial year well despite the economic environment remaining challenging. Trading has been in line with our expectations with continued resilient pricing and our ongoing focus on cost and operational efficiencies. On the balance sheet front, I'm pleased to say we issued our EUR 1.5 billion inaugural green bond in July, which has significantly extended our debt maturity profile at attractive terms.

Returning to trading. In terms of box volume,

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