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DS Smith Plc trading in line with management expectations

DS Smith
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DS Smith Plc (LON:SMDS) has issued a trading update in respect of the period since 1 May 2024.

Current trading

The market and business trends described in the outlook statement contained in our financial results for the year 30 April 2024 have continued, with overall trading for the current financial year in line with DS Smith management expectations.

Combination with International Paper (IP)

The implementation of the combination of IP and DS Smith remains on track with the recent filing of the preliminary proxy statement by IP with the SEC. Subject to the completion of the SEC’s review process of the IP proxy statement, we expect to post our scheme documentation to shareholders in the near term.

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