Report
Joan Sehim

Klöckner Pentaplast : Not hit rock bottom yet

After a successful refinancing move in February 2021, Klöckner Pentaplast (KP) rapidly appeared as a distressed issuer following the sharp rise in resin prices and other costs, and some pressures on its volumes. The lag to pass on the inflation to clients entailed violent EBITDA drop in the last three quarters, halved the amount of cash on balance sheet while propelling leverage to new heights. At year end, KP’s selling price hikes almost matched up the general inflation, which s...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Joan Sehim

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