DS Smith - Full year results on July 2nd; lots to look forward to

Davy Research
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DS Smith’s share price is down over 20% year-to-date, underperforming the market and most of its peers. While the sector performed well in the early stage of the pandemic on the basis of resilient demand and pricing, it has underperformed in the recovery. Concerns about weaker demand, containerboard capacity growth and pricing and a spike in raw material costs have all weighed on the stock. The outlook accompanying the full year results on July 2nd will be keenly observed to try to address some of these issues.