DS Smith weathers industrial weakness with cost savings from Europac
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(Reuters) - UK-based packaging group DS Smith Plc reported a 15% jump in first-half profit on Thursday, as cost savings from its acquisition of Spanish rival Europac last year cushioned it from a weakness in industrial demand.The company has been grappling with volatility in paper pricing and falling demand in its industrial packaging business, particularly hit by weakness in the automotive sector in Germany and the Benelux region. Half-yearly revenue from Northern Europe, one of its largest..