Spicers performing well says parent

20 April 2005 – London (UK): Spicers continued to perform well in the second half of the financial year, ending 30 April, its parent company DS Smith has announced in a trading update.

According to a company release, Spicers UK has maintained its sales growth and good financial performance; the French business continues to perform well despite challenging market conditions; Spicers Germany is expected to be in profit for the current financial year; the Spanish arm continues to perform well; and initial sales in Italy are encouraging.

The John Dickinson manufacturing business continues to be affected by difficult trading conditions, however, the group added.

DS Smith’s overall result has been affected by highly competitive trading conditions and a significant charge from the UK pension scheme, it warned.