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Navigator Increases Profit To 64 Million And Takes Into Packaging – Industry

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Navigator's profit to fall to 23.5 million by March - industry

Navigator posted a net profit of 64.4 million euros in the first half of this year, which is 46.3% more than the 44 million recorded in the same period in 2020. From the first to the second quarter of 2021, the group’s profit increased. 74%, while compared to the second quarter of last year, the growth was 204.8%.

In a statement, Navigator emphasizes that in the first half of this year, “the paper market is improving with a gradual increase in volume”, despite the fact that “the selling price is still below the same period last year.”

The group’s total sales increased by 2.8% in the first half of the year to 714.7 million euros, with paper sales accounting for about 70% of the turnover (up from 67% a year ago).

The volume of sales of paper amounted to 700 thousand tons (an increase of 17%), pulp – 152 thousand tons (a decrease of 21%) and paper napkins – 52 thousand tons (at the same period last year).

The pulp and paper producer highlights “a positive trend in variable production costs (at constant volumes) of around 23 million euros for wood, energy and chemicals, mainly due to improved efficiency in terms of specific consumption.”

Also in terms of fixed costs, he refers to the continuation of the containment efforts begun in 2020, with a reduction in operating costs of 7 million euros compared to the first half of 2020, i.e. 15%.

Personnel and maintenance costs reversed, rising 14% and 15%, respectively, making total fixed costs 4% higher than fixed costs in the same period last year, he says.

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As a result, EBITDA grew by 7.4% to over € 150 million and a return on sales of 21.1%, “driven by increased paper volumes, pulp sales prices and savings in variable cost units,” the group explains.

Also, from the first to the second quarter of this year, the group notes an improvement: turnover increased by 10%, amounting to 374 million euros in the period from April to June. Compared to 2020, growth was 29%, “mainly due to a recovery in paper volumes and an increase in pulp prices,” he explains.

Financial results were 10.1 million, up 2.3 million over the same period last year.

In the first half of the year, Navigator invested 32.8 million euros, mainly in maintenance and environmental protection, compared to 48.7 million euros in the first half of 2020.

Net interest debt decreased to EUR 658.1 million.

Navigator launches packaging

In a statement announcing the results for the semester, the company, led by Antonio Redondo, says it has made a strong decision to move towards new packaging products, developing a new line of business.

The company explains that for several years now it has been developing packaging solutions, namely by producing packaging paper for its own products, as well as paper for making packaging bags and cardboard. Over the past 18 months, he adds, he has decided to move to new packaging products “in a fast-growing segment and in response to a perceived worldwide need to reduce the consumption of plastic, namely single-use plastic, to drive increased production. reducing ocean pollution “.

Therefore, Navigator decided to invest in safer and more hygienic packaging paper for the food industry without the risk of contamination from hazardous substances that can be found in recycled fiber, he explains.

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The company cites the fact that it has already applied for the first patent and first trademark, suggesting that it intends to expand into the flexible packaging, bag and kraft liner segments.

By the end of 2021, the company plans to sell a “significant” volume of packaging paper and expand its offer in 2022. The goal is to gradually increase production to around 200,000 tonnes in 2025/2026.

The investments envisaged in this first phase for the production of these products will range from 10 to 12 million euros per year in the coming years.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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