DS Smith releases its Annual Report 2016
DS Smith’s vision is to be the leading provider of sustainable packaging solutions, bringing value to our customers’ supply cycles.
The Annual Report focuses on our performance for the year 2015/16, describes how each of our divisions contributes to our business model and how we create sustainable value in three key areas: our business, our people and our environment.
In 2015/16 we have significantly grown our corrugated business and market share across Europe through the successful acquisition and integration of high quality operations in South Eastern Europe, Iberia, Greece, Turkey and the UK.
Operating profits were up 16% on the previous year at £3791 million, delivering earnings of 27.4p1 and a total dividend of 12.8p per share for our shareholders, demonstrating the strength of the combination of our packaging, paper, recycling and plastics operations.
2015/16 has been another year of momentum, growth and delivery against our targets by DS Smith. We have grown the business organically and through further acquisitions, allowing us to offer pan-European solutions to even more customers.— Gareth Davis, Chairman, DS Smith Plc
1 Adjusted, before amortisation and exceptional items. Comparison on a constant currency basis.