The Navigator Company, S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
January 26, 2021 at 01:36 am IST
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The Navigator Company, S.A. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was EUR 1,385.360 million compared to EUR 1,687.859 million a year ago. Operating income was EUR 140.424 million compared to EUR 233.591 million a year ago. Net income was EUR 109.213 million compared to EUR 168.290 million a year ago.
The Navigator Company is a leading European producer of printing paper. Net sales break down by activity as follows:
- production of printing paper (73.5%): 1,518 Kt sold in 2022 (Navigator, Inacopia, Discovery, MultiOffice, Inacopia brands, etc.);
- production of eucalyptus pulps (8%): 255.3 Kt sold;
- sale of tissue papers (8%): 101.5 Kt sold;
- other (10.5%): mainly electricity generation from biomass and production of forest products.
Net sales are distributed geographically as follows: Portugal (17.4%), Europe (52.6%), Africa (11.6%), North America (9.3%), Asia (5.7%) and Latin America (3.4%).