RBC Capital Markets, "First Impression" of KPT results RBC Capital Markets, on March 8, 2018, says:
"KP reported Q417 adjusted EBITDA of $33.7M, below our forecast of
$41MM and consensus of $39MM. Overall revenues came in below our
expectations while the consolidated EBITDA margin of 9.9% was -140bps
lower vs. the 11.3% reflected in our forecasts (and -270bps vs. 12.6% y/y).
On a segmented basis, the core Consumer segment EBITDA margin came
in lower than anticipated (11.6% vs. RBCe at 13.0%), while the smaller AfH
segment also had EBITDA margins below our expectations (2.3% vs RBCe
at 4.0%). Results were negatively impacted by higher pulp and freight costs
as well as lower volumes from Canadian customers due to the recent price
increase."
If you like this post, please give it some rating stars