Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. The Navigator Company
  6. News
  7. Summary
    NVG   PTPTI0AM0006

THE NAVIGATOR COMPANY

(NVG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Navigator : Portugal's Navigator net profit drops 23% in Q1 after lockdowns

05/28/2021 | 02:16pm EDT

LISBON, May 28 (Reuters) - Portugal's pulp and paper producer Navigator reported on Friday a 23% fall in its first quarter net profit to 23.5 million euros, as demand dropped due to intense coronavirus lockdowns in the main destination countries for its exports.

Navigator said sales fell 16% to 340.8 million euros in the first three months of this year, but they remained almost stable compared to the previous quarter.

The company sells more than 80% of its products to 130 countries on five continents and the rest to domestic clients.

It said in a statement that "the beginning of 2021 continued to be marked by severe adversity with an intense lockdown until the end of the quarter in most of the group's main markets", hurting the demand for paper in Europe and the United States.

Navigator said that in 2020 lockdowns in these markets only started to impact economies by the end of the first quarter.

"Despite the uncertain future, the prospects for the next quarter are that there will be an improvement in the pulp, paper and tissue sectors as the (global) economy recovers and vaccination plans are implemented", Navigator said.

Its EBITDA - earnings before interest, taxes, depreciation and amortisation stood at 70.6 million euros, a drop of 20% from the first quarter last year.

The operating margin - EBITDA/sales - went down to 20.7% in the first quarter versus 22% in the previous quarter and 21.8% in the same quarter of 2020.

Navigator said that "it will continue to act on the variables that are within its reach," namely in the management of its fixed and variable costs.

Third party supply and service costs fell to 89.4 million euros in the first quarter of 2021, compared with 109.5 million euros a year earlier. (Reporting by Sergio Goncalves; Editing by David Gregorio)


© Reuters 2021
All news about THE NAVIGATOR COMPANY
07/29NAVIGATOR : H1/Q2 2021 Results Presentation
PU
07/29NAVIGATOR : Apresentação de Resultados Conf. Call 1º Semestre/2º Trimestre 2021
PU
07/27NAVIGATOR S A : informs on results for the first half of 2021
PU
07/27NAVIGATOR : Portugal's Navigator profit triples as COVID-19 restrictions ease
RE
07/27The Navigator Company, S.A. Reports Earnings Results for the Half Year Ended ..
CI
07/08NAVIGATOR : Presentation to Investors
PU
07/08NAVIGATOR : Apresentação aos Investidores
PU
06/24NAVIGATOR : Apresentação aos Investidores
PU
06/24NAVIGATOR : Presentation to Investors
PU
06/07NAVIGATOR : increases paper prices in North America
PU
More news
Financials
Sales 2021 1 524 M 1 808 M 1 808 M
Net income 2021 142 M 168 M 168 M
Net Debt 2021 645 M 765 M 765 M
P/E ratio 2021 15,2x
Yield 2021 6,42%
Capitalization 2 159 M 2 561 M 2 563 M
EV / Sales 2021 1,84x
EV / Sales 2022 1,79x
Nbr of Employees 3 232
Free-Float 29,1%
Chart THE NAVIGATOR COMPANY
Duration : Period :
The Navigator Company Technical Analysis Chart | NVG | PTPTI0AM0006 | MarketScreener
Technical analysis trends THE NAVIGATOR COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 3,04 €
Average target price 3,75 €
Spread / Average Target 23,5%
EPS Revisions
Managers and Directors
António José Pereira Redondo Chief Executive Officer & Executive Director
Manuel Luís Daun e Lorena Arouca Head-Finance
João Nuno de Sottomayor Pinto Chairman
Carlos Pascoal Neto Head-Forest & Paper Research, R&D
Adriano Augusto da Silva Silveira Executive Director
Sector and Competitors
1st jan.Capi. (M$)
THE NAVIGATOR COMPANY24.82%2 636
UPM-KYMMENE OYJ13.59%21 943
STORA ENSO OYJ8.15%15 963
SUZANO S.A.-4.77%14 891
SVENSKA CELLULOSA AKTIEBOLAGET SCA11.03%13 098
SCG PACKAGING PUBLIC COMPANY LIMITED66.87%8 982