- Ecommerce has helped DS Smith boom despite higher paper and pulp prices
- Profits were up 21% to £473m and the number of boxes sold grew by 5.2%
- The FTSE 100 firm employs about 26,000 in Europe
The online shopping boom continues to lift sales for DS Smith
The online shopping boom continues to lift sales for DS Smith.
The packaging maker, which supplies Amazon and Next with boxes, made sales of £5.7billion last year, a 21per cent increase on the previous year.
Profits were up 21per cent to £473million.
The number of boxes sold grew by 5.2per cent, ahead of target, fuelled by ecommerce and shelf packaging.
Ecommerce has helped DS Smith boom despite higher paper and pulp prices.
Online shopping can require six times more packaging than items delivered to a shop.
Chief executive Miles Roberts, 53, said: ‘We are continuing to succeed in a very dynamic market. We are capitalising on trends such as the rise in ecommerce, desire for sustainable products and the evolution in consumer shopping habits.’
The FTSE 100 firm, which employs about 26,000 in Europe, is proposing a final dividend of 9.8p.