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Prices & Quotes - UK Markets - Smith (DS) (SMDS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 425.00p
Change Today:
-7.40p
Market Cap:
5,837m
Sector:
General Industrials

DS Smith scraps divi but sees strong retail demand

By Frank Prenesti

Date: Wednesday 08 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Packaging maker DS Smith scrapped its interim dividend but reported strong demand from its consumer goods unit as panic buying swamped supermarkets due to the Covid-19 crisis.
The company added that executive bonuses had been axed to conserve cash as it said it would be "inevitably" be impacted by any prolonged downturn.

"In terms of demand, corrugated box volumes have continued to be good and we have seen improvement on the first half on a like for like basis, with our focus on the fast moving consumer goods customer base, in particular, benefiting us during these uncertain times," the company said on Wednesday.

Supplies into the grocery sector had been "very busy" particularly in the ambient food, drinks, hygiene, frozen food and dry packaged grocery categories, as frenzied shoppers cleared supermarket shelves.

DS Smith said trading had been hit in southern Europe as government lockdowns were imposed in Italy, France and Spain.

The northern region including Germany, Benelux, UK and Scandinavia had seen less impact while Eastern Europe had not seen any meaningful effect to date, it added.

The company said last month it had been working with food retailers across Europe to design and produce new boxes to supply emergency provisions during the pandemic including medical supplies such as masks and ventilators.

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Smith (DS) Market Data

Currency UK Pounds
Price 425.00p
Change Today -7.40p
52 Week High 445.60p
52 Week Low 252.70p
Volume 5,093,820
Shares Issued 1,373.33m
Market Cap 5,837m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Smith (DS) Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Oct-21 08-Apr-21
Paid 01-Nov-21 04-May-21
Amount 8.10p 4.00p

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 1,702,219 @ 425.00p
16:29 182 @ 426.20p
16:29 567 @ 426.10p
16:29 395 @ 426.40p
16:29 14 @ 426.40p

Smith (DS) Key Personnel

CEO Miles Roberts