Cardboard box makers never used to get investors that excited until they cottoned onto the fact that they were benefitting from the rise of internet retail, which took off on a further leg higher during the pandemic, as well as the packaging sustainability trend from plastics to paper.
On Tuesday we will hear from DS Smith PLC (LSE:SMDS), which in the spring reported sales volumes continued to grow and that packaging price increases were outweighing ongoing cost inflation.
Its shares are down 28% since the start of the year, however.
“Recent figures show the pandemic-induced boom in online shopping is slowing down, so we wonder if this has been felt in DS Smith’s results,” say analysts at Hargreaves Lansdown.
Tuesday 21 June:
Interims: Safestore Holdings (LSE:SAFE) PLC
Finals: DS Smith PLC, James Cropper plc (AIM:CRPR), Record PLC (LSE:REC), Telecom Plus PLC (LSE:TEP), Trifast (LSE:TRI) PLC
AGMs: 1Spatial (AIM:SPA) PLC, Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF), Coca-Cola HBC AG, ContourGlobal PLC (LSE:GLO), Cora Gold Limited, FireAngel Safety Technology Group PLC, HSS Hire Group PLC (AIM:HSS), North Atlantic Smaller Cos Investment Trust PLC, Novacyt PLC, Pendragon PLC, RTW Venture Fund Ltd (LSE:RTWG), HC Slingsby PLC, Strip Tinning Holdings PLC (AIM:STG), The Mission Group PLC, Velocys PLC (AIM:VLS)
Economic announcements: Existing Home Sales (US)