Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Business Wire
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 R$6.3 billion, a 60% increase on 2Q23, reflecting higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs compared to the same period last year. Operating cash generation totaled R$4.5 billion, the strongest quarterly result since 1Q23, and net revenue came to R$11.5 billion, the strongest quarterly result since 4Q22.Pulp sales reached 2.5 million tonnes, while paper sales totaled 333,000 tonnes. The cash cost of pulp production, excluding downtime, was R$828 per tonne. Suzano reported a net loss of R$3.8 billion due to the foreign exchange impact in the financial results, with a non-cash impact until maturity of such financial transactions.Driven by the strong EBITDA performance, Suzano’s US dollar leverage decreased from 3.5 times to 3.2 times, in line with Suzano’s expectation to
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News
- Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business [Yahoo! Finance]Yahoo! Finance
- Suzano completes purchase of 15% stake in Lenzing AGBusiness Wire
- Suzano S.A. (SUZ) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Funds Managed by BTG Pactual Timberland Investment Group Sell Nearly 70,000 Hectares to Suzano for Approximately R$ 2.123 Billion in Mato Grosso do Sul, Brazil [Yahoo! Finance]Yahoo! Finance
- Suzano Starts Operation of the World’s Largest Pulp Production LineBusiness Wire
SUZ
Sec Filings
- 8/30/24 - Form 6-K
- 8/30/24 - Form 6-K
- 8/30/24 - Form 6-K
- SUZ's page on the SEC website