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
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