Suzano Reports Operating Cash Generation of R$4.7 Billion in the First Quarter of 2023
SÃO PAULO &
-
Net revenues of
R , a$11.3 billion 16% increase on 1Q22 -
Adjusted EBITDA of
R , a$6.2 billion 20% increase on 1Q22 -
Operating cash generation of
R , a$4.7 billion 21% increase on 1Q22 -
Pulp sales totaled 2.5 million tons, a
3% increase on 1Q22 -
Paper sales totaled 280 thousand tons, a
10% decrease on 1Q22 -
Cash production cost (excluding downtimes) increased by
8% during the quarter toR per ton$937 -
Net income of
R $5.2 billion
The start of the 2023 period has seen pulp prices significantly decline, reflecting the expectation of new market supply. Within this challenging context, Suzano was able to deliver solid results, demonstrating the company’s ability to navigate on a more acid market scenario.
The quarterly results contributed to a flat net debt balance, even during company’s largest investment cycle to date. Between January and March, Suzano invested
At the same time, Suzano’s net debt to adjusted EBITDA leverage in US dollars fell from 2.0x at the end of 2022 to 1.9x at the end of 1Q23. Net debt totaled
“Throughout 2022, Suzano took advantage of a strong cash generation as a result of a high pulp environment to advance its strategic agenda while also preparing for a price correction cycle such as the one that we have seen at the start of this year. Due to our financial discipline and structural competitiveness, we remain well-placed to continue ahead with our planned investments, which will be the largest in our history.”
Suzano has also launched its 2022 Sustainability Report and it´s Sustainability Center, a hub of resources dedicated exclusively to the company’s sustainability aspects.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230427006017/en/
suzano@hawthornadvisors.com
Source: Suzano
