Cole Hathorn joined Jefferies in 2014, following several years of financial services experience across various roles in investment management, advisory, risk and audit. He is a chartered accountant CA(SA) and CFA charter holder. Cole now leads the European Forestry, Paper & Packaging coverage along with European Steel coverage.

What We Are Known For

• Detailed cash cost curve analysis in packaging & pulp Our supply & demand analysis is combined with our detailed work on industry cost curves to frame where we are in the cycle and how we think about P&P pricing. We see low-cost producers with scale, customer & end market mix advantages as relative winners in a fragmented containerboard & box market, where the cost curve has steepened.
• Expert calls & Jefferies Paper & Packaging Summit with C-suite management We host regular industry expert outlook calls, and expert panels on pulp, wood products, packaging & graphic paper to help provide investors differentiated non-banking industry and expert perspectives.
• Strong industry knowledge and a differentiated perspective on packaging. Detailed company and 2023/24 industry outlook & company specific reports across the European paper, pulp and packaging coverage. Covering topics including M&A, sustainability (plastic to paper, forest & wood products carbon benefits) and e-commerce reports.