Cascades has reported a sales increase of 4% to $950m for the three month period ending 30 June compared to the same time a year ago.
The company said the result was due to “higher shipments mainly in the Tissue Papers Group and the positive impact of the weakening of the Canadian dollar against its U.S. counterpart”.
It added: “These factors more than offset lower average selling prices in the recovered paper segment of the Specialty Products Group, the unfavourable variation of the exchange rate with Europe and an unfavourable product mix in our Tissue Papers Group.”
President and chief executive Mario Plourde said the results met the company’s expectations for the second quarter.
“In the near term, we expect to continue to benefit from positive market conditions, stable recycled fibre costs and the gradual improvement of our tissue paper activities.
“Due to healthy demand, higher input costs and foreign exchange variations, price increases are being implemented for corrugated boxes in Canada and recycled boxboard in Europe and were announced for some categories of tissue products in North America.”
