DS SMITH PLC – 2022/23 HALF YEAR RESULTS EXCELLENT PERFORMANCE DESPITE VOLATILE MARKETS

Effective cost mitigation and pricing.

For the six month period, revenue grew to £4,299 million, up 26 per cent on a constant
currency basis and 28 per cent on a reported basis with a small decline in box volumes
(£64 million) more than offset by higher selling prices (£950 million) across the Group.