by Sean Ungerer | Dec 22, 2023 | Forestry and Paper
Mondi set to return c.€775mn (R15.8bn/£670mn) to shareholders following the sale of its Russian assets, in the form of a special dividend of €1.60/share (R32.6/£1.38): According to Mondi, the accompanying share consolidation is intended, as far as possible, to...
by Sean Ungerer | Dec 14, 2023 | Forestry and Paper
Paper pulp prices increase further: Pulp prices improved by 4-5% in Europe, +2% in the US and hardwood pulp edged up a further 1% in China. NOREXECO pulp futures for 24E infer the pulp rally is largely complete in China with some further improvement for hardwood (+4%)...
by Sean Ungerer | Dec 8, 2023 | Forestry and Paper
DS Smith H1 24A results revealed a decrease in profitability in line with guidance: Revenue fell by -18% y-o-y (-10% h-o-h), largely impacted by a weaker pricing environment (-£273mn: from lower packaging prices). Meanwhile corrugated volumes were down 4.7% y-o-y...
by Sean Ungerer | Nov 24, 2023 | Forestry and Paper
Paper pulp prices continue to gather momentum in China and Europe: Hardwood prices in China edged up 1% further, while softwood was stable. However, the recent weakening of BSK futures could be an early sign of demand weakening in China. For instance, tissue operating...
by Sean Ungerer | Nov 17, 2023 | Forestry and Paper
Paper pulp prices continue to gather momentum in China and Europe: Hardwood prices in China edged up 2% further, while softwood was stable. Meanwhile, hardwood jumped 4% in Europe, while softwood too increased by 2%. NOREXECO pulp futures keep edging up and for 24E...
by Sean Ungerer | Nov 9, 2023 | Forestry and Paper
Financial highlights from the quarter: Group sales improved by 4% q-o-q (-28% y-o-y), missing our estimate by 4% (driven by Europe and North America). Meanwhile, group EBITDA improved by 58% q-o-q (-57% y-o-y), 25% ahead of our estimate. This was largely due to a...
