Suzano reports record Adjusted EBITDA of R$8.6 billion in the third quarter of 2022
Results driven by higher global pulp prices, increasing sales volume and a favourable exchange rate
-
Net revenues
R , an$14.2 billion 32% increase on 3Q21 -
Adjusted EBITDA of
$8.6 billion 36% increase on 3Q21 -
Operating cash generation of
R , an$7.2 billion 37% increase on 3Q21 -
Net income of
R versus a net loss of$5.4 billion R in 3Q21$959 million -
Strong pulp volumes during the quarter, while paper sales declined marginally
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Pulp sales totalled 2.8 million tons, a
5% increase on 3Q21 -
Paper sales totalled 331,000 tons, a
2% decline on 3Q21
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Pulp sales totalled 2.8 million tons, a
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Operating costs excluding downtime, were
R /ton, an increase of$883 3% on 2Q22
These strong quarterly results mainly reflect Suzano’s continued operational excellence and is supported by higher global pulp prices, increased sales volume and a favourable exchange rate. While Suzano’s revenues were positively impacted by the FX rate during the period, the company’s operating cash generation demonstrates strong resilience to rising input costs. As a result, the ratio of net debt to adjusted EBITDA ended the quarter at 2.1 times in US dollars, compared to 2.3 times at the end of 2Q22.
“I am very grateful to our workforce’s efforts which has helped deliver another successful and record-breaking quarter, supported of course by favourable market conditions. The cash generated throughout the period will allow us to continue executing on our ambitious long-term capital allocation strategy.”
Since the beginning of the year to end of
These initiatives are in addition to others rolled out this year, including the distribution of
View source version on businesswire.com: https://www.businesswire.com/news/home/20221027006180/en/
suzano@hawthornadvisors.com
Source: Suzano
