May 6 (Reuters) - Cascades Inc CAS.TO :
* CASCADES REPORTS RESULTS FOR THE FIRST QUARTER OF 2021
* Q1 ADJUSTED EARNINGS PER SHARE C$0.29
* Q1 EARNINGS PER SHARE C$0.22
* Q1 SALES FELL 7 PERCENT TO C$1.182 BILLION
* SEQUENTIAL DECREASE IN QTRLY RESULTS WAS LARGELY DRIVEN BY AN IMPORTANT CONTRACTION IN RETAIL TISSUE DEMAND
* TISSUE VOLUMES WERE ALSO IMPACTED BY INCLEMENT WEATHER IN QUARTER
* MAINTAINING A CAUTIOUSLY OPTIMISTIC VIEW FOR OUR NEAR-TERM PERFORMANCE
* SEQUENTIAL RESULTS FROM OUR TISSUE BUSINESS ARE EXPECTED TO REMAIN STABLE
* EXPECT NEAR-TERM CONTAINERBOARD PERFORMANCE TO REFLECT GOOD DEMAND AND CUMULATIVE BENEFITS FROM ANNOUNCED PRICE INCREASES
* SEQUENTIAL PERFORMANCE FROM EUROPEAN BOXBOARD SEGMENT IS EXPECTED TO REMAIN STABLE