News within the industry of pulp and paper, Mar, 26 2019
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Cascades FY 2018 sales increased by 11 per cent

Photo: Cascades
Photo: Cascades
Published by
Simon Matthis - 04 Mar 2019

Cascades Inc. reports its unaudited financial results for the three-month period ended December 31, 2018. Sales of $1,196 million increased by $114 million, or 11%, compared to the same period last year. This was driven by a 13% increase in the Tissue segment reflecting volume improvements, and a more favourable sales mix, exchange rate and average selling price during the period.

Cascades generated an operating income before depreciation and amortization (OIBD) of $37 million in the 4Q 2018. This compared to the $104 million generated in the comparable period last year.

For the three-month period ended December 31, 2018 , Cascades posted a net loss of $65 million , or$0.69 per share, compared to net earnings of $57 million , or $0.60 per share in the same period of 2017. On an adjusted basis, the Corporation generated break even net earnings in the 4Q 2018, or $0.00per share, compared to net earnings of $13 million, or $0.14 per share, in the same period of 2017.

Source: Lesprom Network