The Navigator Company, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
July 22, 2022 at 04:50 am EDT
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The Navigator Company, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 1,142.07 million compared to EUR 714.73 million a year ago. Net income was EUR 161.89 million compared to EUR 64.42 million a year ago. Basic earnings per share from continuing operations was EUR 0.228 compared to EUR 0.091 a year ago. Diluted earnings per share from continuing operations was EUR 0.228 compared to EUR 0.091 a year ago.
The Navigator Company is a leading European producer of printing paper. Net sales break down by activity as follows:
- production of printing paper (73.5%): 1,518 Kt sold in 2022 (Navigator, Inacopia, Discovery, MultiOffice, Inacopia brands, etc.);
- production of eucalyptus pulps (8%): 255.3 Kt sold;
- sale of tissue papers (8%): 101.5 Kt sold;
- other (10.5%): mainly electricity generation from biomass and production of forest products.
Net sales are distributed geographically as follows: Portugal (17.4%), Europe (52.6%), Africa (11.6%), North America (9.3%), Asia (5.7%) and Latin America (3.4%).
THE NAVIGATOR COMPANY 
