Five Year Summary

DS Smith Group Plc, continuing operations

Table showing a Five Year Summary
Continuing operations £m

2015 (restated)1 £m

2016 
(restated)1 
£m

2017 (restated)1 
£m

2018 
(restated)1 £m

2019  
£m

 

Revenue 3,603 3,858 4,540 5,518 6,171
Operating profit2
307 347 405 492 631
Amortisation (44) (49) (63) (90) (114)
Share of profit/(loss) of equity-accounted investments before exceptional items, net of tax - (1) 3 5 9
Net financing costs before adjusting items (38) (47) (56) (62) (71)
Profit before taxation and adjusting items 225 250 289 345 455
Acquisitions and disposals (2) 5  (7) (28) (32)
Other adjusting items (46) (92) (55) (57) (73)
Profit before income tax 177 163 227 260 350
Adjusted earnings per share1
20.7p 22.9p 27.3p 30.7p 33.3p
Dividends per share 10.6p 11.9p 14.1p 14.4p 16.2p
Return on sales2 8.5% 9.0% 8.9% 8.9% 10.2%
Adjusted return on average capital employed2,3,4
14.1% 14.7% 14.3% 13.7% 13.6%

1. Restated to reflect the rights issue during the financial year, the adoption of IFRS 15 Revenue from Contracts with Customers as disclosed in note 1(a) (iii), and the presentation of the Plastics division as discontinued operations.

2. Before amortisation and adjusting items.

3. Adjusted return on average capital employed is defined as operating profit before amortisation and adjusting items divided by average capital employed.

4. Average capital employed is the average monthly capital employed for the last 12 months. Capital employed is made up of property, plant and equipment, goodwill and intangible assets, working capital, capital debtors/creditors, provisions, biological assets and assets/liabilities held for sale. The definition of capital employed is different from the definition of managed capital as defined in note 20 to the consolidated financial statements, which consists of equity as presented in the consolidated statement of financial position, plus net debt.