DS Smith PLC (OTCPK:DITHF)

$ 7.3134 0 (0%) Market Cap: 9.44 Bil Enterprise Value: 12.58 Bil PE Ratio: 33.21 PB Ratio: 1.97 GF Score: 74/100

Full Year 2019 DS Smith PLC Earnings Call Transcript

Jun 13, 2019 / 08:00AM GMT

Release Date Price: $4.3

Transcript

Miles W. Roberts

DS Smith Plc - Group Chief Executive & Executive Director

Well, firstly, good morning, everybody. I'm Miles Roberts and I'm joined with Adrian Marsh, our Group Finance Director. And firstly, welcome here. Thank you very much for spending the time to come to our presentation for the results for the 12 months the end of April and also an outlook for the coming year.

Then let's get straight into it. A year of real change, development, growth, progress. We've really developed our strategic agenda, really trying to get the right assets in the right places, positioning us for what is an extremely exciting market going forward. With the acquisition of Europac boosting our -- significantly boosting our presence in Iberia, we're very pleased with that initial performance. Just over 3 months, absolutely in line with our expectations.

But of course, we're even more delighted with the synergies. Further upgrade -- a EUR 20 million upgrade, a 40% upgrade in our synergy target from EUR 50 million to EUR 70 million. Outstanding work there. Outstanding support from our customers

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