Suzano Reports Operating Cash Generation of R$4.4 Billion in the Third Quarter of 2024
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Business Wire
SAO PAULO--(BUSINESS WIRE)--Suzano, the world’s largest pulp producer, announces its third quarter results for 2024 (3Q24) with operating cash generation reaching R$4.4 billion, up 132% on the same period last year. Adjusted EBITDA totaled R$6.5 billion, a 77% increase over 3Q23. Net revenue reached R$12.3 billion, the highest quarterly performance since 2022, and a rise of 37% on the same quarter last year.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 6% on the same period last year. Paper sales reached 360,000 tonnes in the third quarter, a 9% increase over 3Q23.The quarterly results also reflect the early positive contribution from the new mill in the municipality of Ribas do Rio Pardo, Mato Grosso do Sul state, which commenced operations on July 21st 2024. The new mill ended the quarter at 80
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- Suzano Completes the Acquisition of Two U.S. Industrial Facilities from Pactiv EvergreenBusiness Wire
- Kimberly-Clark explores sale of its international tissue business, Bloomberg News reports [Yahoo! Finance Canada]Yahoo! Finance Canada
- Suzano Closes 15% Stake Buyout Deal With Lenzing to Expand Business [Yahoo! Finance]Yahoo! Finance
SUZ
Sec Filings
- 11/14/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/25/24 - Form 6-K
- SUZ's page on the SEC website