Outlook For Paper, Forest Products Market 'Remains Positive', Says Moody's
The consolidated operating earnings of the world's largest paper and forest products companies are expected to increase by 8% to 10% over the next 12 months, according to a new report by Moody's Investors Service.
The outlook for the 41 companies that Moody's rates in this this sector remains 'positive', it said, adding that earnings in Latin America are expected to rise by more than those in traditional markets such as North American and Europe.
According to Moody's, Latin American paper and forest products firms are expected to see earnings surge by 25% to 30% during the period, driven mainly by a spike in bleached eucalyptus (BEK) pulp prices, as well as a turnaround in the performance of the Brazilian economy, which is expected to grow 3.3% this year, after a 4.7% contraction in 2020.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!