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Cascades Reports Results for the First Quarter of 2021
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Volume headwinds in Tissue limit consolidated performance
KINGSEY FALLS, QC, May 6, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period ended March 31, 2021.
Q1 2021 Highlights (comparative figures have been restated to reflect discontinued operations
2
)
Sales of $1,182 million (compared with $1,242 million in Q4 2020 (-5%) and $1,265 million in Q1 2020 (-7%))
As reported (including specific items)
Operating income of $52 million (compared with $113 million in Q4 2020 (-54%) and $87 million in Q1 2020 (-40%))
Operating income before depreciation and amortization (OIBD)
1 of $128 million (compared with $183 million in Q4 2020 (-30%) and $157 million in Q1 2020 (-18%))
Cascades : to Release First Quarter 2021 Earnings on May 6, 2021 and Provides Updated Operational Outlook for the Period
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Cascades to Release First Quarter 2021 Earnings on May 6, 2021 and Provides Updated Operational Outlook for the Period
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KINGSEY FALLS, QC, April 6, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) will release its first quarter 2021 financial results before market open on Thursday, May 6, 2021, and will hold a conference call at
9:00 AM ET, to discuss the results. The conference call can be accessed by phone or via the Company s website:
Dial-in number:
Webcast (live and archived):
, Investor section
Cascades near-term outlook provided with fourth quarter 2020 results on February 25, 2021, reflected the best information available at the time and the Company s estimates regarding operational performance for the period. The Company would like to highlight the following changes seen in certain market factors that will impact this outlook: