Year-Over-Year Sales Growth
Sales increased 4% year-over-year, driven by favorable exchange rates and selling prices despite a decrease in volume.
Consolidated EBITDA Increase
Consolidated EBITDA increased by 21% year-over-year, with stronger pricing in packaging activities offsetting lower volumes and higher costs.
Packaging Segment Performance
Year-over-year, packaging sales increased by 7% with EBITDA levels increasing 45%, driven by higher selling prices and lower raw material costs.
Strategic Asset Monetization
Cascades sold a closed tissue facility for US$8 million and aims to achieve $80 million from monetizing nonstrategic assets in the coming quarters.