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DS Smith pretax profit increased 64%

Christian Fernsby |
DS Smith reported a jump in profit and good revenue growth in financial 2022.

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DS Smith posted a pretax profit of GBP378 million in the financial year that ended April 30, reflecting an increase of 64% from GBP231 million the year before.

This was on revenue growth of 21% to GBP7.24 billion from GBP5.98 billion.

DS Smith credited this to strong demand throughout the year which led to volume growth of 5.4%.

"Volumes rose in all European regions and were noticeably higher in North America as a result of the continued growth at the greenfield packaging site at Lebanon, Indiana," DS Smith said.

DS Smith explained that this coupled with higher selling prices for packaging, paper, and recyclate to mitigate the price increases in raw materials enabled its growth in financial 2022.

DS Smith declared a total dividend of 15.0 pence, up 24% from 12.1p paid out in financial 2021.


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