by Sean Ungerer | Oct 31, 2023 | Forestry and Paper
Key financial highlights from the quarter: Sales increased by 4% y-o-y, boosted by FX and higher volumes (+9% y-o-y). Sales however slowed by 7% q-o-q on the back of lower pricing. Group EBITDA slumped 50% q-o-q (+40% y-o-y) with an EBITDA margin of 10%, impacted by...
by Sean Ungerer | Oct 19, 2023 | Forestry and Paper
Underlying EBITDA in Q3 23A fell 42% y-o-y and -21% q-o-q to €261mn: Adjusting for the forestry FV gain (€14mn), underling EBITDA softened by 4% q-o-q to €247mn (-40% y-o-y). Mondi confirmed that market conditions remain challenging, however order books for...
by Sean Ungerer | Sep 29, 2023 | Forestry and Paper
Paper pulp prices stable this week except for hardwood in Europe, up 1% w-o-w: NOREXECO pulp futures keep edging up and for 24E imply a healthy improvement for hardwood prices in Europe (+17%) and China (+4%). Europulp statistics for August reveal that stocks of...
by Sean Ungerer | Sep 1, 2023 | Forestry and Paper
Paper pulp prices mostly stable and producers announce price increases in Europe and China: Pulp prices in Europe softened 1% but were stable in the US and China. NOREXECO pulp futures for 24E imply a healthy improvement for hardwood prices in Europe (+12%) and China...
by Sean Ungerer | Aug 18, 2023 | Forestry and Paper
Mixed moves for paper pulp: Pulp prices in Europe continue to weaken (down 3-5%) and were stable in the US. Meanwhile, hardwood pulp continues to edge up in China (+1%). NOREXECO pulp futures for 24E imply a healthy improvement for hardwood prices in Europe, while...
by Sean Ungerer | Jun 30, 2023 | Forestry and Paper
Pulp prices mostly stable, except for further softness in Europe: NOREXECO pulp futures for CY 23E imply a further 4-10% decline in Europe. Meanwhile, prices in China are expected to improve by 1-4%. According to UTIPULP statistics, European consumer pulp inventories...
