DS Smith

In-line H1; expect Q1 2025 IP take-over completion

  • Sectors : Paper & Packaging
  • Companies : DS Smith

Ratings and price correct at time of issue.

  • DS Smith

    Closing Price: 577p

  • RATING 08/05/24

  • PREVIOUS RATING 23/01/23

    OUTPERFORM

Person's Name

Justin Jordan

Analyst

DAVY VIEW

DS Smith’s £221m H1 FY25 EBIT was in-line with Visible Alpha consensus. Subject to European regulatory clearance, we expect the International Paper (IP) take-over of DS Smith to complete in Q1 2025 and anticipate DS Smith shares will continue tracking IP offer terms (within +/- 2%) until completion.

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Dec 5 2024, 12:38 GMT

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