• Pulp sales of 2,486 thousand tons (-11% vs. 3Q22). • Paper sales1 of 331 thousand tons (stable vs. 3Q22). • Average net pulp price in export market: US$547/ton (-33% vs. 3Q22). • Average net paper price1 of R$7,085/ton (+3% vs. 3Q22). • Pulp cash cost ex-downtime of R$861/ton (-2% vs. 3Q22). • Leverage of 2.7 times in USD and 2.6 times in BRL. • Cerrado Project completes 78% of physical progress and 68% of financial progress.
Please be advised we plan to increase the price of our 27.7# (45.0 gsm.) standard newsprint by $22.00 per metric ton effective July 1, 2018. Prices for all other newsprint basis weights will be adjusted proportionally as per past practices.