)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
The Navigator Company
The Navigator Company (NVG) investor relations material
The Navigator Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
9M results reflected weather disruption, mill shutdowns, temporary operating constraints and transition costs; conditions improved sequentially, with Q3 sales up 5.2% QoQ.
Diversification advanced as Tissue and Packaging reached 30% of turnover and around one-third of EBITDA; completed investments support efficiency, decarbonisation and growth.
Financial highlights
9M turnover was €1,333.3m, down 10.5% YoY; EBITDA was €212.2m, down 29.3%, and net earnings were €65.4m, down 44.8%.
Q3 turnover was €464.7m, up 5.2% QoQ; EBITDA was €68.9m, down 12.3% QoQ, and net earnings were €16.2m, down 49.1% QoQ.
9M free cash flow was €18.6m versus €22.7m; Q3 free cash flow was €8m, compared with negative €18m in Q2.
9M CapEx was €173.9m versus €159.6m a year earlier; 48% was environmental or sustainability investment.
Outlook and guidance
Q4 volumes and costs were expected to improve with normalized operations; no specific EBITDA guidance was given, and no major maintenance shutdowns were planned in coming quarters.
Pulp prices recovered in September; late-2026 prospects were described as favourable, with moderate increases expected in 2027.
Tissue demand growth for 2026 was forecast at 1.6% globally; the 70,000-ton/year Aveiro machine is scheduled to start in Q2 2028.
European kraft paper demand is expected to grow 2.5%-3.0% annually through 2035; PM3 ramp-up is progressing as planned.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from The Navigator Company
- Market leader in sustainable pulp, paper, tissue, and packaging, with top-tier profitability and growth.NVG
Investor presentation - Global leader in pulp, paper, and tissue, excelling in sustainability, innovation, and financial strength.NVGInvestor presentation
- Delivers industry-leading margins, strong growth in tissue and packaging, and top ESG performance.NVGInvestor presentation
- Global leader in pulp, paper, and tissue, driving growth through sustainability and innovation.NVGInvestor presentation
- Record Q1 2024 results, strong market leadership, and ambitious sustainability investments.NVGInvestor presentation
- Global leader in pulp, paper, and tissue, driving growth through sustainability and innovation.NVGInvestor presentation
- Global leader in sustainable pulp, paper, and tissue, driving growth through innovation and ESG.NVGInvestor presentation
- Strong 2024 results with premium focus, diversification, and sustainability-driven growth.NVGInvestor presentation
- Pricing recovery, efficiency gains, and ESG investments offset operational headwinds.NVGQ2 2026
Next The Navigator Company earnings date
Q4 202619 Feb, 2027
The Navigator Company
Next The Navigator Company earnings date
Q4 202619 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
The Navigator Company S.A., formerly known as Portucel S.A., is a Portugal-based enterprise primarily focused on the production of paper and pulp. The company operates through four main segments: Paper, Pulp, Energy, and Forestry. It is recognized for manufacturing uncoated printing and writing paper and for producing bleached eucalyptus pulp. The company also generates power from biomass fuels through cogeneration processes and manages eucalyptus nurseries as part of its forestry operations. The Navigator Company offers its products under several brand names including Navigator, Pioneer, and Inacopia, catering to various market demands in office and offset paper. The company is headquartered in Setúbal, Portugal, and its shares are listed on Euronext Lisbon.