Sales up at The Navigator Company
| 31 October, 2019
The Navigator Company has reported an increase in turnover for the first nine months of 2019.
During an earnings update, João Castello Branco, CEO, said that the paper maker registered a 1.8% increase in turnover to EUR 1.274 billion, sustained on higher paper price and higher volumes of pulp and tissue sold.
Branco added: “Given the current context of economic conditions with high instability, severe increase in major cost factors, softening of economic growth and adverse market conditions in the pulp and paper industry, I would say that Navigator presented a resilient set of results with an EBITDA for the period above the average of the last 5 years even if below last year's record results.”