According to Moody’s, the paper and forest products industry’s EBITDA will decrease by 10-12% over the next 12 months, with significantly higher energy, transport, material, and labour costs counteracting most of the growth offered by high demand. Russia’s invasion of Ukraine is expected to exacerbate pressure on costs and demand, especially for energy.  A decrease in earnings across regions  Moody’s follows the EBITDA (earnings before interest, taxes, depreciation, and amortization) of 41 paper and forest product companies globally. Moody's predicts that these companies will experience a decrease of ...