Download full report with analyst certification and important disclosures
Jun 21 2024, 14:30 IST/BST
DS Smith
Return to box growth but continued IP bid uncertainty
- Sectors : Paper & Packaging
- Companies : DS Smith
DAVY VIEW
DS Smith’s £701m FY24 EBITA was in-line with consensus, with a positive FY25E box demand and pricing outlook. However, due to raw material and labour cost inflation, we reduce FY25E adjusted EBITA by 3% to £680m (in-line with consensus). Expect DS Smith investor sentiment to remain dominated by uncertainty regarding the potential Suzano offer for International Paper (IP) ahead of IP’s Q2 2024 results on July 25th.
