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2011 - Cascades

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MARKET DYNAMICS – FX AND OTHER INPUT COSTS<br />

Oil & chemicals Currency<br />

Since Since<br />

Dec. <strong>2011</strong> Jan. 2010<br />

Oil +9% +46%<br />

Latex +10% +43%<br />

Pigments +1% +37%<br />

Plastics +12% +29%<br />

Starch +3% +28%<br />

performance against<br />

€<br />

Q1-2012 vs<br />

Q4-<strong>2011</strong> +2% +5%<br />

CAN$ strength and input costs sky sky-rocketing rocketing since 2010<br />

12

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