Cascades 2Q sales increased by 5% to $998 million

August 17, 2016
Cascades Inc. announced its unaudited financial results for the three-month period ended June 30, 2016. 2Q 2016 sales increased by 5% to $998 million compared to the same period last year, reflecting higher average selling prices combined with the positive financial impact of the lower Canadian dollar.

Operating income, excluding specific items, increased from $59 million in the 2Q 2015 to $65 million in the 2Q 2016. This improvement is attributable to the above-mentioned factors and favorable energy costs.

Mario Plourde, President and CEO, commented on the 2Q results: "We are pleased with the overall performance of our operations during the 2Q. Results in North America were in line with expectations, and highlight how our strategic investment in new equipment over the last few years is translating into improved efficiency, and a greater operational capacity to adapt to changing market dynamics.”

Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres.



Topics: Finance

Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: http://www.lesprom.com/legal/comment_policy/
Back to top