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GPK - Graphic Packaging: Margin Contraction In Q1 But The Focus Is On 2022 And Beyond
Graphic Packaging Holding Company
Graphic Packaging reported a disappointing Q1 due to the higher cost of raw materials and the negative impact of a winter storm.
I expect Q1 to have been the weakest quarter this year with a small improvement in Q2 and a stronger improvement in H2 2021 as price hikes will contribute.
Graphic Packaging is a 2022 story as the new plants will boost the operating cash flow while capex will drop by 40%.