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    CAS   CA1469001053

CASCADES INC.

(CAS)
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Cascades : Announces That the Sale of its Equity Interest in RdM Group Will Be Completed in Q4 2021

09/26/2021 | 02:01pm EDT

KINGSEY FALLS, QC, Sept. 26, 2021 /CNW Telbec/ - Cascades Inc. (TSX: CAS) announces that the sale of its equity interest in Reno de Medici S.p.A. (BIT: RM) is now expected to be completed in the fourth quarter of 2021, versus previous expectations that it would close in the third quarter. The transaction is subject to the customary closing conditions, including the required merger control approvals.

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs 11,700 women and men in 85 production units in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

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View original content:https://www.prnewswire.com/news-releases/cascades-announces-that-the-sale-of-its-equity-interest-in-rdm-group-will-be-completed-in-q4-2021-301385167.html

SOURCE Cascades Inc.

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on CASCADES INC.
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Financials
Sales 2021 4 125 M 3 349 M 3 349 M
Net income 2021 57,1 M 46,4 M 46,4 M
Net Debt 2021 1 361 M 1 105 M 1 105 M
P/E ratio 2021 28,0x
Yield 2021 2,60%
Capitalization 1 567 M 1 272 M 1 272 M
EV / Sales 2021 0,71x
EV / Sales 2022 0,65x
Nbr of Employees 11 300
Free-Float 82,3%
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Technical analysis trends CASCADES INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 15,39 CAD
Average target price 19,61 CAD
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Mario Plourde President, CEO & Non-Independent Director
Allan Hogg Chief Financial Officer & Vice-President
Alain Lemaire Executive Chairman
Dominic Doré Chief Supply Chain & Information Officer
Élise Pelletier Independent Director
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