Tue 12/20/2022 12:27 PM
Global resin-based consumer goods producer Keter’s earnings continued to slide in October, driven by falling volumes and margin pressure from high resin costs, but the group remained free cash-flow-positive by running down inventories further to release working capital. Resin costs are off their second-quarter peak, which should result in significant savings during 2023 while the group expects customer destocking to be temporary, sources said.
October sales fell to €102.6 million from...
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