In a brief statement released on Monday, DS Smith said they expected full year performance would be above their prior expectations.
The packaging and recycling company said operating profit would be at least £400m and saw strong cash generation.
Miles Roberts, DS Smith, Group Chief Executive, was upbeat and confident about navigating the current macro environment.
“I am very pleased with the performance in the year to date and the momentum in our business. We remain focussed on delivering for our customers and managing our costs in an inflationary environment. 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,” said Miles Roberts.
DS Smith shares were 10% higher at the time of writing.