Braskem reports Recurring EBITDA of R$2.4 billion in 3Q24, 44% higher compared to 2Q24
Braskem (NYSE: BAK), the Americas' largest resin producer and global biopolymers leader, reported strong financial results for Q3 2024. The company achieved a Recurring EBITDA of US$432 million, marking a 35% increase from Q2 2024 and a 130% rise from Q3 2023. The company maintained a robust cash position of US$2.4 billion, providing coverage for debt maturities over the next 52 months. Operating Cash Generation improved to US$75 million (R$416 million), showing an increase from the previous quarter.
Braskem (NYSE: BAK), il maggior produttore di resine delle Americhe e leader globale nei biopolimeri, ha riportato risultati finanziari solidi per il terzo trimestre del 2024. L'azienda ha raggiunto un EBITDA Ricorrente di 432 milioni di dollari, segnando un aumento del 35% rispetto al secondo trimestre del 2024 e un incremento del 130% rispetto al terzo trimestre del 2023. L'azienda ha mantenuto una robusta posizione di cassa di 2,4 miliardi di dollari, garantendo copertura per le scadenze del debito nei prossimi 52 mesi. La generazione di cassa operativa è migliorata a 75 milioni di dollari (416 milioni di R$), mostrando un aumento rispetto al trimestre precedente.
Braskem (NYSE: BAK), el mayor productor de resinas de las Américas y líder global en biopolímeros, reportó sólidos resultados financieros para el tercer trimestre de 2024. La compañía alcanzó un EBITDA Recorrente de 432 millones de dólares, marcando un aumento del 35% respecto al segundo trimestre de 2024 y un incremento del 130% en comparación con el tercer trimestre de 2023. La compañía mantuvo una robusta posición de caja de 2,4 mil millones de dólares, proporcionando cobertura para los vencimientos de deuda en los próximos 52 meses. La generación de efectivo operativo mejoró a 75 millones de dólares (416 millones de R$), mostrando un aumento respecto al trimestre anterior.
Braskem (NYSE: BAK)는 미주에서 가장 큰 수지 생산업체이자 글로벌 바이오폴리머 리더로서 2024년 3분기 강력한 재무 결과를 보고했습니다. 회사는 재발 EBIDA 4억 3200만 달러를 달성하며 2024년 2분기 대비 35%, 2023년 3분기 대비 130% 증가했습니다. 회사는 24억 달러의 건전한 현금 위치를 유지하여 향후 52개월 동안의 부채 만기를 커버할 수 있도록 했습니다. 운영 현금 생성은 7500만 달러(4억 1600만 레알)로 개선되어 이전 분기 대비 증가했습니다.
Braskem (NYSE: BAK), le plus grand producteur de résines des Amériques et leader mondial des biopolymères, a annoncé de solides résultats financiers pour le troisième trimestre de 2024. L'entreprise a atteint un EBITDA récurrent de 432 millions de dollars, soit une augmentation de 35 % par rapport au deuxième trimestre de 2024 et une hausse de 130 % par rapport au troisième trimestre de 2023. L'entreprise a maintenu une robuste position de trésorerie de 2,4 milliards de dollars, garantissant la couverture des échéances de la dette au cours des 52 prochains mois. La génération de cash opérationnel s'est améliorée pour atteindre 75 millions de dollars (416 millions de R$), montrant une augmentation par rapport au trimestre précédent.
Braskem (NYSE: BAK), der größte Produzent von Kunstharzen in Amerika und führend in globalen Biopolymeren, hat starke finanzielle Ergebnisse für das 3. Quartal 2024 bekannt gegeben. Das Unternehmen erreichte ein Recurring EBITDA von 432 Millionen US-Dollar, was einem Anstieg von 35 % im Vergleich zum 2. Quartal 2024 und einem Anstieg von 130 % im Vergleich zum 3. Quartal 2023 entspricht. Das Unternehmen hielt eine robuste Barmittelposition von 2,4 Milliarden US-Dollar, die die Deckung der Schuldenfälligkeiten in den nächsten 52 Monaten gewährleistet. Der operative Cash-Flow verbesserte sich auf 75 Millionen US-Dollar (416 Millionen R$) und zeigte einen Anstieg im Vergleich zum vorherigen Quartal.
- Recurring EBITDA increased 35% QoQ and 130% YoY to US$432 million
- Strong cash position of US$2.4 billion covering 52 months of debt maturities
- Positive Operating Cash Generation of US$75 million
- None.
Insights
Braskem's Q3 performance shows remarkable financial improvement with
The positive operating cash generation of
The substantial improvement in financial metrics points to strengthening market conditions and effective cost management, though investors should monitor sustainability of these gains given the cyclical nature of the petrochemical industry.
Highest quarterly Recurring EBITDA since 2Q22
SÃO PAULO, Nov. 7, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest resin producer in the
3Q24 HIGHLIGHTS
CONSOLIDATED
- Recurring EBITDA of
US , about$432 million 35% higher than in 2Q24 and130% higher than in 3Q23. - Cash position of
US , ensuring coverage of debt maturities over the next 52 months.$2.4 billion - Operating Cash Generation of
US , around$75 million R , higher than 2Q24.$416 million
The full earnings release is available on the Company's IR website: www.braskem-ri.com.br/en
Braskem will host conference calls to discuss its Results Thursday, November 7 at 09:00 a.m. US ET.
Additional information may be obtained from the Investor Relations Department at +55 11 3576-9531 or braskem-ri@braskem.com.br.
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SOURCE Braskem S.A.
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