by Sean Ungerer | Nov 8, 2023 | Forestry and Paper
Sappi to report Q4 23E results on Thursday, 9 November: EBITDA has fallen for three consecutive quarters; however, we expect Q4 23E EBITDA to increase by 27% q-o-q (-66% y-o-y) to $135mn (+41% y/y; -14% q/q) with EPS of $0.08/share. This is driven largely by improved...
by Sean Ungerer | Nov 1, 2023 | Forestry and Paper
Key highlights from the quarter: Sales softened by 5% q-o-q (-19% y-o-y), driven by lower corrugated box pricing (around -6% q-o-q) and lower corrugated box volumes (-2% y-o-y). This largely explained the fall in EBITDA, down 4% q-o-q (-14% y-o-y), while the EBITDA...
by Sean Ungerer | Oct 31, 2023 | Forestry and Paper
Key financial highlights from the quarter: Revenue marginally increased by +1% q-o-q (-29% y-o-y). EBITDA also ticked up slightly by +1% q-o-q (-40% y-o-y) with the Group EBITDA margin stable at 25.7% (Q3 23A: 30.5%). Gearing remains well controlled with net...
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...
