2021年第四季度运营展望更新后，股价下跌近6%

09:42 AM EST, 12/23/2021 (MT Newswires) -- Cascades Inc. (TSX: CAS), which offers packaging, hygiene and recovery solutions, after trade Wednesday said it will release its fourth quarter and full year 2021 financial results before market open on Thursday, February 24, 2022. It also flagged a conference call at 11am ET, during which management will provide details about the company's 2022 to 2024 Strategic Plan.

CAS also provided an updated Q4 2021operational outlook in its notice of Wednesday, and the detail within that has led to the company's shares dropping more than 5% today.

The company said it expects Q4 2021 consolidated adjusted OIBD to be approximately $20 million below third quarter comparable results of $107 million, versus previous guidance of flat sequential results. It added the decrease is the result of ongoing inflationary pressure on costs, most notably logistics, energy and labour. Furthermore, global supply chain pressures, including the availability of transportation and labour remains challenging, the effects of which are disrupting product delivery times. Demand levels in the tissue segment remain uncertain, while those for packaging products remain solid.

Mario Plourde, President and CEO, said: "The Covid-19 pandemic continues to have wide ranging impacts across our business segments, and we continue to proactively communicate with our customers to meet their dynamic needs throughout this volatile business climate. With its current strategic plan concluding, Cascades undertook a comprehensive and exhaustive strategic analysis of the short- and medium-term outlook for our business segments as part of its annual strategic review process taking into consideration the continued challenging business environment. We will share our Corporate 2022-2024 Strategic Plan and outlook for the coming years in conjunction with our fourth quarter results."

Price: 12.91, Change: -0.90, Percent Change: -6.52