Packaging firm DS Smith reports a 39% drop in half-year profits amid cost pressures, with a buyout expected in 2025.

Packaging firm DS Smith reported a significant drop in half-year earnings due to lower prices and higher costs, despite a slight increase in box volume. Revenue fell 4% to £3.4 billion, and adjusted operating profits dropped 39% to £221 million. The company plans to recover costs through price increases and productivity measures. DS Smith's takeover by International Paper for £5.8 billion is expected to close in early 2025.

4 months ago
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