Fri 01/07/2022 05:19 AM
Share this article:
Weener achieved a positive resin spread in October after increasing prices under its quarterly pass-through mechanism. As a result, the Dutch plastic packaging group managed to break even in terms of free cash flow in October after several months of burning cash despite having made quarterly interest payments, sources told Reorg.

Net sales reached €39 million, which was well ahead of the €35 million budgeted and the €30.9 million Weener generated the same month the prior
Share this article:
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 © 2022 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!