Vimeo login3/18/2023 ![]() Gerritsen, meanwhile, who previously held the recycling role, joined DS Smith in 2012 when the company acquired SCA Packaging and has since held senior roles in both the Paper and Recycling divisions. Orye has extensive experience from the packaging industry and a track record in promoting a circular way of working, joining DS Smith from food packaging business Faerch, where he served as the CEO for Central Europe and Recycling. Separately, the business has appointed Michael Orye as the new managing director of its Recycling division in Europe, and Rogier Gerritsen as managing director of its Paper division in Europe. “While the macro-economic outlook remains uncertain, performance this year is ahead of our previous expectations and we look forward to the remainder of the year with confidence.” We remain focused on delivering for our customers and managing our costs in an inflationary environment. Miles Roberts, DS Smith group chief executive, said: “ I am very pleased with the performance in the year to date and the momentum in our business. Revenue growth has been very strong, the business said, which together with effective cost mitigation has driven the improved profitability, despite slightly lower like-for-like corrugated box volumes. It is now expecting adjusted operating profit for the half year to 31 October 2022 of at least £400m, with strong cash generation and progress against all its key financial ratios. ![]() In a trading update released this morning (10 October), the London-headquartered packaging giant said its tr ading continues to be very good, and consistent with the trends described in its AGM trading statement last month. ![]()
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