The Office Times

The Navigator Company reports full order books

The Navigator Company reported that over the past six months, and especially during the first quarter of 2017, demand for UWF paper grew in the emerging markets in Asia, the Middle East and Latin America.

In Europe, apparent consumption fell by a further 2.8%, due essentially to a drop in imports with an EUR-USD exchange rate unfavourable to imports, and attractive prices for foreign manufacturers on their local markets, estimates suggest that the volume of imports into Europe fell by around 30%. These purchases were redirected to European manufacturers.

As a result, incoming orders in the European industry grew by 8% in the first quarter of 2017 in relation to the same period in 2016, up by 22% in international markets and 5% in European markets.

The Portuguese company added that order books in the industry in Europe are now at levels only rarely attained in the sector's history. However, certain major cost items for paper production (such as pulp prices) recorded significant increases, with the result that the dynamic of supply and demand, combined with cost factors, led to an upswing in prices on the European market (in February), in the Middle East and Northern Africa (in January).

In this context, the Navigator Company achieved a sales volume in line with forecasts and with the previous year, whilst achieving a small improvement in its product mix, with premium products continuing to account for 50% of total. The Group's own brands also started to climb back up as a proportion of total sales, in particular in the highly demanding European markets.

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