Report
Luis de Toledo Heras

Navigator : Q1 2021 results in line with estimates, strong cash flow generation maintained

>Operating results in line with our estimates, higher financial costs - Navigator’s Q1 2021 results were in line with our estimates at the operating level (EBIT € 40m: -17% y-o-y, -2% q-o-q) but significantly below on the bottom line (-25%e) on non-recurring financial expenses (€ 5.2m: forex effects at the subsidiary in Mozambique and commissions on the cancellation of an interest rate swap). In any event, the group’s cash generation capacity remained resilient (€ 56m...
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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