The Navigator Company, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 24, 2022 at 05:16 am EDT
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The Navigator Company, S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was EUR 492.23 million compared to EUR 340.82 million a year ago. Net income was EUR 50.6 million compared to EUR 23.51 million 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%).