DS SMITH PLC – 2009/10 FULL-YEAR RESULTS

DS SMITH PLC – 2009/10 FULL-YEAR RESULTS DS Smith Plc, the international packaging and office products wholesaling company, announces its results for the year ended 30 April 2010.

• Robust performance in challenging markets
• Revenue £2,070.6 million (£2008/09: £ 2,106.6 million)
• Adjusted EBITDA up 1.3% to £166.0 million
• Adjusted earnings per share up 2.4% to 12.9 pence
• Strong cash flow generation drives net debt down £52.0 million to £239.5 million
• Full year dividend increased by 4.5% to 4.6 pence per share
• Successful implementation of 2008/09 cost reduction plan … Continue Reading

Bill Foot dies at 84

Sadly another industry stalwart has passed away. Bill Foot, the former co-owner with his twin brother Rupert, of the East London wholesalers, Hannaford & Marshall, has died at the age of 84.

His enthusiasm and knowledge of the trade meant that he was a well loved and respected figure in our industry.

Bill’s funeral is at 1.15pm on 30 June in the North-South Chapel of the City of London Cemetery and Crematorium, Aldersbrook Road, Manor Park, London E12 5DQ.

Family flowers only but donations can be given in his memory to The Cancer Treatment and Research Trust.

AF International exhibits at Escolar

AF International, the leading manufacturer of specialist office and computer cleaning products, has continues its expansion by exhibiting their new range of products exclusively developed for the Brazilian market at the Escolar Exhibition in Sao Paulo.

AF’s Brazilian office and manufacturing facilities have been operating successfully since 2005 and are growing rapidly year on year. The economy in Brazil is the world’s eighth largest, but the biggest among all South American nations, with economists predicting it to become one of the five largest economies in the world. AF International a division of the HK Wentworth Ltd group has seen a significant return on investment and envisages a continued growing trend as it invests in further brand building activity in this region.
… Continue Reading

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