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Capital & Financial MarketsMarkets & Customers 27 Oct 2026

Navigator Company misses Q3 estimates after mill outages and cyberattack

The Navigator Company posted third-quarter 2026 earnings per share of USD 0.02, below the USD 0.06 analyst estimate, on revenue of USD 464.7m against an estimate of USD 485m. The Portuguese pulp and paper group attributed the shortfall to planned maintenance at its Setubal, Aveiro and Figueira da Foz mills, a cyberattack and power grid disturbances, and said it expects operations to normalise in the fourth quarter. Nine-month 2026 revenue reached EUR 1.333bn with EBITDA of EUR 212m, while net debt rose to EUR 765m, 2.66 times EBITDA.

Why this mattersA major European pulp and paper producer absorbing cyber and grid disruptions alongside planned shutdowns shows how fragile capacity utilisation remains even as pricing stays firm.

  • Q3 2026 EPS of USD 0.02 missed the USD 0.06 consensus estimate by 66.67%
  • Q3 2026 revenue of USD 464.7m was USD 20.3m, or 4.19%, below the USD 485m estimate
  • Nine-month 2026 turnover was EUR 1.333bn and EBITDA EUR 212m; free cash flow was EUR 19m after EUR 174m of capital expenditure
  • Net debt was EUR 765m, up EUR 61m from year-end 2025, equal to 2.66 times EBITDA
  • Packaging and tissue account for about 30% of turnover and roughly one-third of group EBITDA
  • Liquidity comprised EUR 147m of cash and EUR 323m of undrawn committed long-term facilities
Navigator Company
Sources uk.investing.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-28 · Edited before publication: Two key facts (three European price increases and the PIX premium; PM3 conversion and 54% emissions target) are not in the source text provided. Replaced with grounded facts on business mix and liquidity.