THE NAVIGATOR COMPANY has anti-dumping duty reduced
| 11 October, 2018
THE NAVIGATOR COMPANY, S.A. reports that it was notified by the United States Department of Commerce that it amended downwards the final anti-dumping duty to be applied retrospectively to paper sales to the United States, for the period from August 2015 to February 2017 (the first period of review), to 1.75%.
On August 10, 2018 the Department of Commerce had notified NAVIGATOR that the final rate on sales made during the first period of review would be 37.34%.
As a result of this decision, instead of the application of the rate having an adverse impact of €66 million in EBITDA and of €45 million in net profits for the present year, as was previously disclosed, the estimated impact, albeit still negative, will be of approximately €3 million in EBITDA and €2 million in net profits for the present year.