On the back of pricing improvements across most divisions and the completion of the shift away from publication paper, SCA reported strong Q1 results. Although, the lynchpin Forest division witnessed some moderation. With unchanged strong fundamentals for all divisions, a healthy margin growth through to 2023 seems attainable. However, most of these potential improvements already seem to be factored in – reflecting in (relatively) expensive valuation multiples, and, hence, the ‘REDUCE’ recommend ....
11 May 2021
Strong Q1, though restrained by Forest’s moderation
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q1, though restrained by Forest’s moderation
- Published:
11 May 2021 -
Author:
Varun Sikka -
Pages:
3
On the back of pricing improvements across most divisions and the completion of the shift away from publication paper, SCA reported strong Q1 results. Although, the lynchpin Forest division witnessed some moderation. With unchanged strong fundamentals for all divisions, a healthy margin growth through to 2023 seems attainable. However, most of these potential improvements already seem to be factored in – reflecting in (relatively) expensive valuation multiples, and, hence, the ‘REDUCE’ recommend ....