High Gross MarginA 64.36% gross margin reflects efficient production and pricing power in specialty papers and materials. This durable margin buffer helps the company absorb SG&A and R&D spend, supports reinvestment in sustainable products, and underpins long-term recovery to operating profitability.
Improving Free Cash FlowNearly doubling free cash flow indicates materially improved cash generation versus accounting profits. Strong FCF provides durable flexibility to service debt, fund targeted capex or innovation, and pursue sustainability initiatives without immediate reliance on external financing.
Established Niche & Sustainability FocusA long history, deep relationships with luxury and consumer brands, and emphasis on sustainable, high-value papers create durable competitive differentiation. These structural ties and ESG-aligned product positioning support steady demand and pricing resilience over the medium term.