Suzano Reports Operating Cash Generation of R$4.4 Billion in the Third Quarter of 2024
Suzano, the world's largest pulp producer, reports strong Q3 2024 results with operating cash generation of R$4.4 billion, up 132% year-over-year. Adjusted EBITDA reached R$6.5 billion, increasing 77%, while net revenue hit R$12.3 billion, up 37%. Pulp sales grew 6% to 2.6 million tonnes, and paper sales increased 9% to 360,000 tonnes. The new Ribas do Rio Pardo mill, operational since July 21st, exceeded expectations reaching 80% capacity. The company's leverage improved with net debt to adjusted EBITDA ratio decreasing to 3.1x. Notable acquisitions include a 15% stake in Lenzing for EUR230 million and two US mills for $110 million.
Suzano, il più grande produttore di cellulosa al mondo, riporta risultati solidi per il terzo trimestre del 2024 con una generazione di cassa operativa di R$4,4 miliardi, in aumento del 132% rispetto all'anno precedente. L'EBITDA rettificato ha raggiunto R$6,5 miliardi, con un incremento del 77%, mentre il fatturato netto ha raggiunto R$12,3 miliardi, in aumento del 37%. Le vendite di cellulosa sono cresciute del 6% a 2,6 milioni di tonnellate, e le vendite di carta sono aumentate del 9% a 360.000 tonnellate. Il nuovo impianto di Ribas do Rio Pardo, operativo dal 21 luglio, ha superato le aspettative raggiungendo l'80% di capacità. La leva finanziaria dell'azienda è migliorata con il rapporto debito netto su EBITDA rettificato che è sceso a 3,1x. Tra le acquisizioni di rilievo si segnala una partecipazione del 15% in Lenzing per 230 milioni di euro e due impianti negli Stati Uniti per 110 milioni di dollari.
Suzano, el mayor productor de pulpa del mundo, informa sobre resultados sólidos en el tercer trimestre de 2024 con una generación de caja operativa de R$4,4 mil millones, un aumento del 132% en comparación con el año anterior. El EBITDA ajustado alcanzó R$6,5 mil millones, incrementándose en un 77%, mientras que los ingresos netos llegaron a R$12,3 mil millones, con un aumento del 37%. Las ventas de pulpa crecieron un 6% hasta 2,6 millones de toneladas, y las ventas de papel aumentaron un 9% hasta 360,000 toneladas. La nueva planta de Ribas do Rio Pardo, operativa desde el 21 de julio, superó las expectativas alcanzando el 80% de capacidad. La relación de deuda neta a EBITDA ajustado de la empresa mejoró, disminuyendo a 3,1x. Las adquisiciones destacadas incluyen una participación del 15% en Lenzing por 230 millones de euros y dos fábricas en EE. UU. por 110 millones de dólares.
스자노, 세계 최대의 펄프 생산업체, 2024년 3분기 실적을 발표하며 운영 현금 생성액이 R$44억으로 전년 대비 132% 증가했다고 보고했습니다. 조정된 EBITDA는 R$65억에 도달해 77% 증가했으며, 순수익은 R$123억으로 37% 증가했습니다. 펄프 판매량은 6% 증가하여 260만 톤에 달했고, 종이 판매는 9% 증가하여 36만 톤에 도달했습니다. 7월 21일부터 가동된 리바스 두 리오 파르도 새로운 공장은 기대를 초과하여 80%의 생산 능력을 달성했습니다. 회사의 레버리지 비율도 개선되어 순부채와 조정 EBITDA 비율이 3.1배로 감소했습니다. 주목할 만한 인수로는 렌징의 15% 지분을 2억 3천만 유로에 인수하고, 두 개의 미국 공장을 1억 1천만 달러에 인수한 것이 포함됩니다.
Suzano, le plus grand producteur de pâte à papier au monde, annonce de bons résultats pour le 3e trimestre 2024 avec une génération de trésorerie d'exploitation de R$4,4 milliards, en hausse de 132 % par rapport à l'année précédente. L'EBITDA ajusté a atteint R$6,5 milliards, en augmentation de 77 %, tandis que le chiffre d'affaires net a atteint R$12,3 milliards, en hausse de 37 %. Les ventes de pâte ont augmenté de 6 % pour atteindre 2,6 millions de tonnes, et les ventes de papier ont crû de 9 % pour atteindre 360 000 tonnes. La nouvelle usine de Ribas do Rio Pardo, en service depuis le 21 juillet, a dépassé les attentes en atteignant 80 % de capacité. Le ratio d'endettement de l'entreprise s'est amélioré, avec un ratio de dette nette sur EBITDA ajusté qui a diminué à 3,1x. Parmi les acquisitions notables figurent une participation de 15 % dans Lenzing pour 230 millions d'euros et deux usines aux États-Unis pour 110 millions de dollars.
Suzano, der größte Zellulosehersteller der Welt, berichtet über starke Ergebnisse im 3. Quartal 2024 mit einer operativen Cash-Generation von R$4,4 Milliarden, was einem Anstieg von 132% im Jahresvergleich entspricht. Das bereinigte EBITDA erreichte R$6,5 Milliarden, was einem Anstieg von 77% entspricht, während der Nettoumsatz R$12,3 Milliarden erreichte, was einem Anstieg von 37% entspricht. Der Zellulosenverkauf wuchs um 6% auf 2,6 Millionen Tonnen und der Papierverkauf stieg um 9% auf 360.000 Tonnen. Die neue Fabrik in Ribas do Rio Pardo, die seit dem 21. Juli in Betrieb ist, übertraf die Erwartungen und erreichte eine Kapazität von 80%. Die Verschuldung des Unternehmens verbesserte sich, da das Verhältnis von Nettoverschuldung zu bereinigtem EBITDA auf 3,1x sank. Zu den bemerkenswerten Akquisitionen gehören ein 15%iger Anteil an Lenzing für 230 Millionen Euro und zwei US-Werke für 110 Millionen Dollar.
- Operating cash generation increased 132% YoY to R$4.4 billion
- Adjusted EBITDA grew 77% YoY to R$6.5 billion
- Net revenue up 37% YoY to R$12.3 billion
- Pulp sales volume increased 6% YoY to 2.6 million tonnes
- Paper sales grew 9% YoY to 360,000 tonnes
- New mill exceeded expectations reaching 80% capacity vs 71% target
- Net debt to EBITDA ratio improved from 3.2x to 3.1x
- Cash cost of pulp production increased 4% to R$863 per tonne
Insights
Suzano's Q3 performance demonstrates remarkable financial strength with
The
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
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