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Jun 13 2019, 08:35 IST/BST
DS Smith
FY 2019 results slightly below; outlook more positive
- Sectors : Paper & Packaging
- Companies : DS Smith
DAVY VIEW
While DS Smith’s results indicate some slowdown in volume growth in its fiscal H2, the performance is less negative than some had feared. If paper prices stabilise over the summer, box price declines in calendar H2 could be less than expected. In this environment, the sector and DS Smith look undervalued.
