In the first half of the year, to 31 October, the group said that its packaging business continued to gain further market share due to its "differentiated and strong customer proposition". Corrugated volume growth remains in excess of its target of GDP+1%.
DS Smith added that it was "particularly pleased with delivery from legacy SCA regions". The cost synergies from the acquisition of SCA Packaging are on track, said the group, and will "continue to be delivered progressively through this financial year".
Miles Roberts (pictured), DS Smith Group chief executive, said: "The business has performed well in the first half of the year, in line with our plans. We have continued to gain market share through our focus on service, quality and innovation, as we leverage our enlarged geographic footprint and focus in the FMCG sector. The delivery of synergies from the SCA Packaging acquisition is on target and, while the European market remains challenging, we remain confident of strong progress this year and are excited about the growth opportunities for the Group."
