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Half Year 2025 DS Smith PLC Earnings Call Transcript
Good morning, everybody. My name is Miles Roberts, the Chief Executive of DS Smith. And I'm joined by Richard Pike, our Group Finance Director.
Today, we'll both be presenting the results for the half year to October 2024. The results for the half year came in as we expected. We saw a continued recovery in packaging volumes that reached plus 2% on a like-for-like basis, whilst packaging prices were lower on a year-on-year basis. But they started to improve during the six months, really reflecting the initial recovery of higher paper prices.
But underlying this, we're pleased with our level of customer service, product quality, our sustainability performance, particularly on the introduction of new products and services to our customers. And our cost control, our efficiency work continues to deliver and underpin our results.
And in terms of the recommended all-share offer from International Paper, again, we're making good progress and we look forward to closing this transaction in the near future.
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