Konica's MPS
Konica Minolta the $10Bn Japanese MPS/printer group published better results in Q4'23 It looks unlikely that it will resume an acquisition drive to compete with Xerox/HP's moves for the few large MPS providers remaining?
Navigator prices
Portugal's Navigator Paper Company, the leading quality brand papermaker, reported inflated sales and profits in Q4'22 entirely from high 18%, but receding price increases. "Tissue volume demand proved resilient" reported ceo Antonio Redondo.
Suzano volume hit
Suzano the Brazilian based pulp and paper producer, reported declining sales volume, primarily in exports saved by domestic demand. CEO Walter Schalke comments on a lower volume paper performance, boosted by +32% higher prices plus expansive investments in the Cerrado eco-pulp project...
HP Fraudster
Mike Lynch, the British software tycoon behind Autonomy, has been detained in the US to face multi-billion dollar fraud charges over the $11Bn takeover by negligent HP Inc., back in 2011.
KP Tissue's roll
KP Tissue (ex-Kruger) the Canada based international brand tissue maker, recovered from a huge drop in demand in both consumer & business supply markets during Covid, boosted by high 20%+ price inflation. We analyse ceo Dino Bianco's opaque Q1'23 report
Cascades Tissue,
Cascades, the leading Canada based, tissue & packaging boardmaker reported inflation boosted results in Q1'23. CEO Mario Piourde's optimism has been fueled the growing strength of the containerboard business and the repositioning of tissue production facilities...
Raja Group races
European packaging giant Raja Group acquired Viking from vulture capitalist Aurelius in Nov'21, projected a +50% sales increase in 2022, boosted by acquisitions and inflation. Enterprising CEO Daniele Kapel-Marcovici continued to invest in logistics, digitization to maximize the customer service experience. We analyse flat real volume results for 2022...
Sappi sales sink;
Sappi, the South African based international paper and packaging maker, reported plunging sales volumes. Whilst acknowledging the business is under pressure, CEO Steve Binnie's minimalistic commentary said little about restoring packaging power, which is just not happening?
Drowning Depot's
Beleaguered bigbox ODP Corp (aka-Office Depot-Office Max) reported another disguised -18% volume decline in Q1'23; -50% down on pre Covid 'norm' Q1'20; and down $5Bn since 2017. We analyse ceo Gerry 'Bizarro' Smith's deceptive report; the hollow and vague Varis & Veyer diversions, plus his verbose BS commentary, including the faux Q&A analysts session with only one anayst in attendance!?. Updated
PFG-Vistar: food
Performance Food Group inc Vistar, the leading US food & beverage services wholesaler reported a steady sales increase in Q3'23 as businesses & restaurants returned to 'normal'. CEO George Holm commented on market share gains and the resilience of the independent restaurant market.
"Tomorrow's News Today,
not yesterday's news tomorrow."
