DS Smith (LSE: SMDS) remains resilient despite flat box volumes in Q3, with CEO confident of future growth thanks to strong customer relationships and cost control.
The FTSE 100 packaging firm said like-for-like box volumes improved compared to the first half, but remained flat since November. North America and Eastern Europe saw “good growth,” offsetting a weaker performance in Northern Europe.
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DS Smith is focused on operational efficiency, tight cost control, and resilient pricing. They expect containerboard price increases to be reflected in packaging prices in the final quarter, with overall trading in line with expectations.
“Our strong customer relationships… has led to a number of recent FMCG customer contract wins, underpinning our confidence in the outlook for volume growth going forward,” said CEO Miles Roberts.
DS Smith shares were up 0.5% in early trading Wednesday.
