by Sean Ungerer | May 13, 2022 | Forestry and Paper
Q2 was much better than expected: Q2 22A marked the 7th consecutive quarter of improving EBITDA to USD 337mn (24% ahead of CRe) and EPS of USD 0.35/share (44% ahead of CRe). Consequently, net debt was also better than expected, declining by 6% (USD 124mn) q/q to USD...
by Sean Ungerer | May 11, 2022 | Forestry and Paper
Q2 22E results on Thursday 12 May, key numbers to look out for: Q2 to mark the seventh quarter of sequential EBITDA improvement to USD 273mn (+144% y/y and +14% q/q) and EPS of USD 0.24/share. Q1 22A recap (EBITDA: USD 240mn and EPS: USD 0.20/share and net debt/EBITDA...
by Sean Ungerer | May 9, 2022 | Forestry and Paper
The imported hardwood DWP averaged USD 1,051/t in April: This meant the price increased by 8.4% m/m; however, was down 4.6% y/y.Key w/w moves: Cotton -2%; Polyester +5%; HW DWP +3%; China-origin DWP +3%, medium-grade VSF +1%; and high-end VSF 0% and Lyocell +0%....
by Sean Ungerer | Apr 5, 2022 | Forestry and Paper
The imported hardwood DWP averaged USD 969/t in March (+0.7% m/m and -1.4% y/y): The average DWP price for January-March 2022 was USD 929/t (-0.5% y/y and -0.5% q/q).Key w/w moves: Cotton -1%; Polyester -1%; HW DWP +2%; China-origin DWP +5%, medium-grade VSF +1%; and...
by Sean Ungerer | Apr 4, 2022 | Forestry and Paper
Suzano hosted its 2022 Day this week: Key focus areas included sustainability, expanding into new markets; advances in the links of the chain (focussed on textiles; micro fibrillated cellulose, biofuels, and carbon) with a competitive advantage; maintaining relevance...
by Sean Ungerer | Mar 30, 2022 | Forestry and Paper
Pulp prices in China up 4-6% w/w: NOREXECO pulp futures for CY 23E imply a 9-14% decline in Europe, and China. Availability of NBSK in contract and spot markets in the US has slumped due to unplanned downtime, while shipment delays worsened in recent weeks. In...
