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Cascades' near-term outlook provided with fourth quarter 2020 results on
Raw material cost inflation in fibre prices in
A more pronounced easing of retail consumer tissue buying levels than previously expected driven by a combination of customer inventory management that began in mid-February, and continued demand variations related to the ongoing Covid-19 pandemic. Sequential retail tissue volumes will also reflect the impact of inclement weather during the quarter, most notably in the
Weather, along with higher gas prices, have contributed to higher overall transportation costs on a sequential basis across our business segments, most notably in the
1 Source : RISI - Old Corrugated Containers (OCC #11), FOB, OBM, published
About Cascades
Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs 12,000 women and men, who work in 85 production units in
CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION
Certain statements in this press release, including statements regarding future results and performance, are forward-looking statements within the meaning of securities legislation based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for the Company's products, the prices and availability of raw materials, changes in the relative values of certain currencies, fluctuations in selling prices and adverse changes in general market and industry conditions. This press release may also include price indices as well as variance and sensitivity analyses that are intended to provide the reader with a better understanding of the trends related to the Company's business activities. These items are based on the best estimates available to the Company.
SOURCE
Media
Vice-President, Communications, Public Affairs and
Cascades
819-363-5164
hugo_damours@cascades.com
Investors
Director, Investor Relations, Cascades
514-282-2697
jennifer_aitken@cascades.com
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