DS Smith Full Year Results 2009/10

DS Smith Plc, the international packaging and office products wholesaling company, announces its results for the year ended 30 April 2010.

Highlights

  • Robust performance in challenging markets
  • Revenue £2,070.6 million (£2008/09: £ 2,106.6 million)
  • Adjusted EBITDA up 1.3% to £166.0 million
  • Adjusted earnings per share up 2.4% to 12.9 pence
  • Strong cash flow generation drives net debt down £52.0 million to £239.5 million
  • Full year dividend increased by 4.5% to 4.6 pence per share
  • Successful implementation of 2008/09 cost reduction plan
  • The Group has continued to build its market position in corrugated packaging for the fast-moving consumer goods sector across Europe
  • Review of strategy and business operations launched by new Group Chief Executive

 

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