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May 7 2024, 07:25 IST/BST
SCA
Demand recovery supports price hikes
- Sectors : Paper & Packaging
- Companies : SCA
DAVY VIEW
While lower prices saw Q124 EBIT fall 33% to SEK1.08bn, positively, following successful 7% sequential quarter-on-quarter (qoq) Q124 price increases, SCA is targeting additional Q224 containerboard, pulp and wood product hikes – supporting 2024/25E profit recovery. With upgraded SEK5.67bn 2024E EBIT, we reaffirm our SCA ‘Outperform’ view with conservatively unchanged SEK175 price target (PT).
