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Feb 28 2023, 07:00 GMT
DS Smith
Expect positive update on March 9th
- Sectors : Paper & Packaging
- Companies : DS Smith
DAVY VIEW
Despite subdued box demand, with resilient box prices, easing raw material costs and a FX tailwind, we expect a positive DS Smith Q3 FY23E trading update on March 9th. We see upside risk to FY23E DS Smith estimates – Davy £856m FY23E EBITA sits 1% ahead of the street. Trading at a discount to peers, we reaffirm our ‘Outperform’ view ahead of the update.
