Mon 09/27/2021 06:48 AM
Paccor has finally started passing through the recent jump in resin costs that had squeezed its margins over the past few months. But the German rigid-plastic producer’s EBITDA still missed the budget in July as non-resin input costs started to surge, while a hefty factoring payment pushed its cash generation deeper into the red, sources told Reorg.
The group (excluding the recently acquired Miko-Pac) generated €50.6 million of sales in July, beating a budget of €47.2
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2021 Reorg Research, Inc. All rights reserved.