Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024
Suzano, the world's largest pulp producer, reported strong financial results for Q2 2024. Adjusted EBITDA reached R$6.3 billion, a 60% increase from Q2 2023, driven by higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs. Operating cash generation hit R$4.5 billion, the best quarterly result since Q1 2023. Net revenue totaled R$11.5 billion, the highest since Q4 2022.
Despite strong operational performance, Suzano reported a net loss of R$3.8 billion due to foreign exchange impacts. The company's US dollar leverage decreased from 3.5x to 3.2x. Suzano also announced the startup of its Cerrado Project, the world's largest single-line pulp mill, and strategic acquisitions including a 15% stake in Lenzing and two US-based mills from Pactiv Evergreen.
Suzano, il maggiore produttore di cellulosa al mondo, ha riportato risultati finanziari solidi per il secondo trimestre del 2024. L'EBITDA rettificato ha raggiunto R$6,3 miliardi, con un aumento del 60% rispetto al secondo trimestre del 2023, grazie all'aumento dei prezzi della cellulosa, ai tassi di cambio favorevoli, all'incremento del volume delle vendite e alla riduzione dei costi di produzione. La generazione di cassa operativa ha raggiunto R$4,5 miliardi, il miglior risultato trimestrale dal primo trimestre del 2023. Il fatturato netto ha totalizzato R$11,5 miliardi, il valore più alto dal quarto trimestre del 2022.
Nonostante le solide performance operative, Suzano ha riportato una perdita netta di R$3,8 miliardi a causa degli effetti del cambio. Il leveraging in dollari americani della società è diminuito da 3,5x a 3,2x. Suzano ha inoltre annunciato l'avvio del suo Progetto Cerrado, il più grande impianto di cellulosa a linea singola al mondo, e acquisizioni strategiche, tra cui una partecipazione del 15% in Lenzing e due impianti negli Stati Uniti da Pactiv Evergreen.
Suzano, el mayor productor de pulpa del mundo, informó resultados financieros sólidos para el segundo trimestre de 2024. El EBITDA ajustado alcanzó R$6,3 mil millones, un aumento del 60% en comparación con el segundo trimestre de 2023, impulsado por precios de pulpa más altos, tipos de cambio favorables, mayor volumen de ventas y reducción de costos de producción. La generación de flujo de efectivo operativo llegó a R$4,5 mil millones, el mejor resultado trimestral desde el primer trimestre de 2023. Los ingresos netos totalizaron R$11,5 mil millones, el más alto desde el cuarto trimestre de 2022.
A pesar del sólido desempeño operativo, Suzano reportó una pérdida neta de R$3,8 mil millones debido a los efectos de cambio. El apalancamiento en dólares estadounidenses de la empresa disminuyó de 3,5x a 3,2x. Suzano también anunció el inicio de su Proyecto Cerrado, la planta de pulpa a línea única más grande del mundo, y adquisiciones estratégicas, incluida una participación del 15% en Lenzing y dos fábricas en EE. UU. de Pactiv Evergreen.
세계 최대 펄프 생산업체 수자노(Suzano)가 2024년 2분기 강력한 재무 결과를 보고했습니다. 조정된 EBITDA는 63억 브라질 헤알(R$6.3 billion)에 도달해, 2023년 2분기 대비 60% 증가했습니다. 이는 높은 펄프 가격, 유리한 환율, 증가한 판매량, 그리고 감소한 생산비용에 기인합니다. 운영 현금 생성은 45억 브라질 헤알(R$4.5 billion)에 이르렀으며, 이는 2023년 1분기 이후 가장 좋은 분기 실적입니다. 순수익은 115억 브라질 헤알(R$11.5 billion)으로, 2022년 4분기 이후 가장 높은 수치입니다.
강력한 운영 성과에도 불구하고, 수자노는 외환 영향으로 38억 브라질 헤알(R$3.8 billion)의 순손실을 기록했습니다. 회사의 미국 달러 레버리지는 3.5배에서 3.2배로 감소했습니다. 수자노는 또한 세계 최대 단일 라인 펄프 공장인 세하라도 프로젝트의 시작과 함께, 렌징(Lenzing)에서 15% 지분을 인수하고 Pactiv Evergreen으로부터 두 개의 미국 기반 공장을 인수하는 전략적 인수도 발표했습니다.
Suzano, le plus grand producteur de pâte à papier au monde, a annoncé de bons résultats financiers pour le deuxième trimestre de 2024. EBITDA ajusté a atteint 6,3 milliards de BRL, soit une augmentation de 60 % par rapport au deuxième trimestre 2023, grâce à des prix de pâte plus élevés, des taux de change favorables, une augmentation du volume des ventes et une réduction des coûts de production. La génération de liquidités opérationnelles a atteint 4,5 milliards de BRL, le meilleur résultat trimestriel depuis le premier trimestre 2023. Le chiffre d'affaires net s'est chiffré à 11,5 milliards de BRL, le plus haut depuis le quatrième trimestre 2022.
Malgré une performance opérationnelle solide, Suzano a enregistré une perte nette de 3,8 milliards de BRL en raison des impacts des changes. L'effet de levier en dollars américains de l'entreprise est passé de 3,5x à 3,2x. Suzano a également annoncé le lancement de son projet Cerrado, la plus grande usine de pulpe au monde à ligne unique, ainsi que des acquisitions stratégiques, notamment une participation de 15 % dans Lenzing et deux usines basées aux États-Unis de Pactiv Evergreen.
Suzano, der größte Zellstoffproduzent der Welt, berichtete für das zweite Quartal 2024 von starken finanziellen Ergebnissen. Das bereinigte EBITDA erreichte R$6,3 Milliarden, ein Anstieg um 60% im Vergleich zum zweiten Quartal 2023, angetrieben durch höhere Zellstoffpreise, günstige Wechselkurse, erhöhten Verkaufsvolumen und gesunkene Produktionskosten. Die operative Cash-Generierung betrug R$4,5 Milliarden, das beste Quartalsergebnis seit dem ersten Quartal 2023. Der Nettoumsatz belief sich auf R$11,5 Milliarden, den höchsten Wert seit dem vierten Quartal 2022.
Trotz starker operativer Leistungen berichtete Suzano von einem Nettoverlust von R$3,8 Milliarden aufgrund von Wechselkursauswirkungen. Der US-Dollar-Verschuldungsgrad des Unternehmens sank von 3,5x auf 3,2x. Suzano kündigte außerdem den Start seines Cerrado-Projekts an, der größten Zellstoffanlage mit einer einzigen Produktionslinie der Welt, sowie strategische Übernahmen, darunter eine 15%-Beteiligung an Lenzing und zwei in den USA ansässige Werke von Pactiv Evergreen.
- Adjusted EBITDA increased 60% year-over-year to R$6.3 billion
- Operating cash generation reached R$4.5 billion, the highest since Q1 2023
- Net revenue totaled R$11.5 billion, the strongest quarterly result since Q4 2022
- Pulp sales volume reached 2.5 million tonnes
- US dollar leverage decreased from 3.5x to 3.2x
- Successful startup of the Cerrado Project, the world's largest single-line pulp mill
- Strategic acquisitions: 15% stake in Lenzing and two US-based mills from Pactiv Evergreen
- Net loss of R$3.8 billion due to foreign exchange impact
- Cash cost of pulp production at R$828 per tonne
Insights
Suzano's Q2 2024 results demonstrate robust financial performance, with Adjusted EBITDA surging
However, the reported net loss of
Suzano's strategic moves in Q2 2024 position it for long-term growth in the pulp and paper industry. The startup of the Cerrado Project, the world's largest single-line pulp mill with a 2.55 million tonnes annual capacity, is a game-changer. This expansion will significantly enhance Suzano's scale and competitiveness, potentially reshaping market dynamics.
The company's diversification strategy is evident in its acquisition of a 15% stake in Lenzing, a specialist in cellulose fiber production for textiles and the purchase of two US-based mills from Pactiv Evergreen. These moves indicate Suzano's intent to strengthen its position in value-added segments and expand its geographical footprint. The focus on reducing production costs, as seen in the cash cost of pulp production at
SÃO PAULO--(BUSINESS WIRE)-- Suzano, the world’s largest pulp producer, announces its financial results for the second quarter of 2024 (2Q24).
Adjusted EBITDA totaled
Pulp sales reached 2.5 million tonnes, while paper sales totaled 333,000 tonnes. The cash cost of pulp production, excluding downtime, was
Driven by the strong EBITDA performance, Suzano’s US dollar leverage decreased from 3.5 times to 3.2 times, in line with Suzano’s expectation to execute its largest-ever capital investment project within the limits established in the company´s policy. As of the end of June, Suzano had deployed
Beto Abreu, CEO of Suzano, commented:
“The Cerrado Project’s startup represents a significant milestone in Suzano´s century-long history and its future capacity for value generation. With the lowest structural cost across all our operations, the new mill will enhance our scale and competitiveness in the pulp business. At the same time, we continue to advance in other strategic avenues, including the acquisition of industrial assets from Pactiv Evergreen and taking a significant minority stake in Lenzing.”
Suzano’s new mill began operations on July 21 in the municipality of Ribas do Rio Pardo,
Between June and July, Suzano also announced the acquisition of a
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808569652/en/
Hawthorn Advisors
Jamie Plotnek
suzano@hawthornadvisors.com
Source: Suzano
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