Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024
SÃO PAULO--(BUSINESS WIRE)--Aug. 8, 2024-- Suzano, the world’s largest pulp producer, announces its financial results for the second quarter of 2024 (2Q24).
Adjusted EBITDA totaled
Pulp sales reached 2.5 million tonnes, while paper sales totaled 333,000 tonnes. The cash cost of pulp production, excluding downtime, was
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 execute its largest-ever capital investment project within the limits established in the company´s policy. As of the end of June, Suzano had deployed 89% of the
“The Cerrado Project’s startup represents a significant milestone in Suzano´s century-long history and its future capacity for value generation. With the lowest structural cost across all our operations, the new mill will enhance our scale and competitiveness in the pulp business. At the same time, we continue to advance in other strategic avenues, including the acquisition of industrial assets from Pactiv Evergreen and taking a significant minority stake in Lenzing.”
Suzano’s new mill began operations on
Between June and July, Suzano also announced the acquisition of a 15% stake in Lenzing, the
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suzano@hawthornadvisors.com
Source: Suzano