Key highlights from DS Smith’s the FY21/22

Key highlights from DS Smith’s the FY21/22 results include:

·        Continued positive financial performance and growing market share in North America

·        DS Smith’s revenues in North America grew 14% YoY, with adjusted operating profits growing 31% YoY

·        DS Smith’s margin and volume growth in North America is strongest across the global company

·        Lebanon, Indiana facility continues to expand its innovative e-commerce and FMCG solutions for global clients with operations in North America

·        Inflationary input costs offset by strong demand and successful price recovery efforts

·        Positive momentum is expected to continue

·        Tightness in labor market has started to ease

·        Continued investment in R&D

·        Industry leading Sustainability and CO2 reduction targets 

·        Science Based Targets initiative approved plan in line with 1.5 trajectory 

·        Commitment to Net Zero carbon emissions by 2050 

DS Smith, a leading sustainable packaging company, has a significant presence in North America with its U.S. headquarters in Atlanta along with 15 manufacturing, paper, and recycling facilities.

Please see below for additional comments from our Corporate Services Director for North America, Jeff Jones, on the past year’s highlights:

“As we complete the fourth full year of DS Smith’s entry into the North American market, we’ve achieved notable successes despite the impact of the pandemic and the challenging macro environment, and we continue to integrate DS Smith’s successful operational methods and phase out legacy systems where possible.

Our strategic focus on our customers and their changing needs, including an ever-increasing focus on sustainability, has resulted in positive volume growth for North America. We saw our revenues expand in North America by 14% year-over-year, with the adjusted operating profits seeing 31% growth as well.

And as we look to the new financial year, we’re building on the positive momentum from the previous year and we expect it to continue. While there is considerable uncertainty about the overall economic environment, strong customer demand reinforces our confidence to continue investment in North America further strengthening our position in the market.”