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DS Smith says cardboard box volumes strong; flags higher costs -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The logo of DS Smith can be seen inside the French carboard manufacturer DS Smith Packaging Atlantique, in La Chevroliere (near Nantes), France, on April 25, 2019. REUTERS/Stephane Mahe

(Reuters) – Cardboard manufacturer DS Smith announced Thursday that its box volume growth was strong during the first half year. This growth is due to the rapid-moving market for consumer goods and the continued expansion of e-commerce supply, even though pandemic curbs are ease.

Although the British company stated that its financial results were in line with expectations, it noted an increase in its costs due to higher paper and logistics prices.

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