The Navigator Company announced today to its Customers that it will be increasing prices across its uncoated woodfree papers portfolio in Middle East, Africa, Asia, Oceania and Latin America, and it will be effective from 1st of January 2018, ranging from 5% to 7%.
http://en.thenavigatorcompany.com/var/ezdemo_site/storage/original/application/437acad42645b4f9cde42af4c066407b.pdf
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Helen Mets, President and CEO, comments on second quarter 2024:
Ahlstrom delivered another strong performance in Q2. Our profitability improved once again, while cash flow remains solid. Obsessed with our customers and the markets we serve; we launched several innovative new products − including fluorochemical-free filtration and paper-based pet food materials − to meet the growing need for safe and sustainable solutions. We also refined our strategy and streamlined our organization to accelerate our growth transformation. In addition, our Q2 pulse survey showed an increase in employee engagement. The latest engagement score places Ahlstrom close to the level of the top 10% of companies in the manufacturing industry. I am proud of the progress that we continue to deliver. During the second quarter, market activity continued to strengthen. Adjusted for Stenay divestiture deliveries increased compared to both the previous quarter and the previous year. Comparable EBITDA also grew, supported by an increasingly strong margin on variable cost per ton. This improvement can be attributed largely to our transformation initiatives, including disciplined price management and cost efficiency measures. Overall, cash flow remained solid, supported by the higher profitability, efficient working capital management, and sustainable lower capital expenditure.
According to the report, total printing-writing paper shipments increased five percent in July compared to July 2020. U.S. purchases of total printing-writing papers increased nine percent in July compared to the same month last year. Total printing-writing paper inventory levels remained essentially flat (-0.1 percent) when compared to June 2021. Uncoated free sheet (UFS) paper shipments increased seven percent compared to July 2020 while the inventory level remained essentially flat (-0.4 percent) compared to June 2021. UFS imports and exports both increased compared to June 2020, up four percent and 18 percent respectively. U.S. purchases of coated free sheet (CFS) papers in July increased three percent compared to last July while the inventory level increased two percent compared to June 2021. CFS imports and exports both increased compared to June 2020, up 32 percent and 53 percent respectively. Coated mechanical (CM) paper shipments increased 16 percent compared to July 2020 while the inventory level decreased three percent compared to June 2021. CM imports and exports both increased compared to June 2020, up 60 percent and 31 percent respectively. U.S. purchases of uncoated mechanical (UM) papers in July increased 28 percent compared to last July while the inventory level decreased four percent compared to June 2021. UM imports and exports both increased compared to June 2020, up 61 percent and 180 percent respectively.
*Q3 GAAP net income of $57 million / $0.66 per diluted share *Adjusted EBITDA of $140 million *Net debt down to $541 million / liquidity strengthened to $477 million at quarter-end *$38 million YTD EBITDA contribution from our recently acquired U.S. sawmills *Remi G. Lalonde to succeed Yves Laflamme as president and CEO as of March 1