DS Smith Plc Updates Strong Progress For Q1 Despite Macro-Economic Headwinds

DS Smith Plc (LSE: SMDS), in its first-quarter trading updates (since 1 May 2019) ahead of AGM, has stated that the company is progressing well despite macro-economic headwinds. The company maintained a strong pricing discipline on the back of strong customer engagement and differentiators of scale, service, quality and innovation. The company’s construction greenfield packaging plant in Indiana is on track and it will significantly increase company’s capability in the US and reduce the long paper position.

On 3rd September 2019, at the time of writing, GMT 08:02 AM, SMDS shares were trading at GBX 340.40, down by 1.20 points or 0.35% against the previous day closing price.