Cascades Reports Results for the First Quarter of 2021
News provided by
Share this article
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%))