Suzano Reports Operating Cash Generation of R$4.4 Billion in the Third Quarter of 2024
The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favorable contribution from exchange rates. Pulp sales totaled 2.6 million tonnes, a rise of
The quarterly results also reflect the early positive contribution from the new mill in the municipality of Ribas do Rio Pardo,
Improved adjusted EBITDA in the last 12 months has led to an improvement in the company's leverage position with the ratio of net debt to adjusted EBITDA in US dollars decreasing from 3.2 times at the end of 2Q24 to 3.1 times at the end of 3Q24. Similarly, these strong operational results and the positive financial result with the lower FX rate at the end of the period contributed to a net income of
During 3Q24, Suzano completed the acquisition of a
Beto Abreu, CEO of Suzano, commented:
“The third quarter of this year has seen Suzano make substantial progress in a number of strategic areas. We are very excited about the initial performance of our new mill in Ribas do Rio Pardo, our sales volumes were strong, our leverage continued to improve, and we advanced our international growth with progressing our acquisitions in the
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Source: Suzano