Report
Luis de Toledo Heras

Navigator : Results in line with estimates, business model strengthened further

>Operating results in line with estimates, net profit slightly above - Navigator’s 9M 2024 results came out in line with our estimates with sales up by +7.4% and EBITDA up by +c.15% (-0.2% and +0.2% vs ODDOe respectively) and EBITDA margin of 27.5% (up 170bp on 9M 2023 and in line with our 27.4% estimate). Results reflect the traditional seasonal slowdown in paper demand (lower pulp/paper integration) and the declining trend in paper prices which explain the contracti...
Underlying
Navigator Company SA

Navigator and its subsidiaries are engaged in the production and sale of cellulose pulp and related products, the purchase of wood and agricultural and forest production, the harvesting of forests and the transport of wood from the forests to the plants, and the production and sale of electricity and thermal energy. Co. is also involved in the production of paper and derivative paper products.

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
Luis de Toledo Heras

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