Suzano S.A. announces its 3Q21 results

HIGHLIGHTS
• Pulp sales of 2,673 thousand tons (+6% vs. 3Q20).
• Paper sales of 336 thousand tons (+5% vs. 3Q20).
• Adjusted EBITDA1 and Operating cash generation²: R$6.3 billion and R$5.2 billion, respectively.
• Adjusted EBITDA1 /ton3 from pulp of R$2,140/ton (+60% vs. 3Q20).
• Adjusted EBITDA1 /ton4 from paper of R$1,748/ton (+41% vs. 3Q20).
• Average net pulp price in export market: US$654/ton (+43% vs. 3Q20).
• Average net paper price4 of R$4,937/ton (+21% vs. 3Q20).
• Pulp cash cost ex-downtime of R$711/ton (+19% vs. 3Q20).
• Leverage down to 2.7 times in USD and 2.8 times in BRL.

The third quarter of 2021 was marked by strong sales volume and resilient pulp prices, mainly driven by solid pulp demand performance in Europe and North America, despite the seasonality effects during this period of the year and falling demand in China. In the paper business, demand remained buoyant, with high sales volumes and further price increases in both the domestic and international markets and once again registering the highest quarterly EBITDA in the company’s history, considering paper and consumer goods. These factors, combined with the average weaker BRL, drove adjusted EBITDA in the quarter to R$6.3 billion and operating cash generation to R$5.2 billion – the highest since the creation of Suzano S.A.

On the financial management front, the Company completed the post-merger deleveraging cycle, underscoring its continued focus on financial discipline. Leverage measured by net debt/adjusted EBITDA in the last twelve months stood below the 3.0x threshold established in its Debt Policy, reaching 2.7x measured in USD. Net debt in USD declined once again, while the Company’s liquidity position strengthened further, which let Suzano well positioned for the new investment cycle through the Cerrado Project. Continuing its debt management program, in September the Company issued a new Sustainability-Linked Bond (SLB) in the international market maturing in 2028, in the principal amount of US$500 million and yield of 2.70% p.a., the lowest in its history. The bond has targets associated with reducing the use of industrial water by 2026 and increasing the percentage of women holding leadership positions in the Company by 2025.
details at: https://s1.q4cdn.com/987436133/files/doc_downloads/2021/10/Divulga%C3%A7%C3%A3o/Release-de-Resultados_3T21_ENG_SEC_vFinal.pdf

Related Posts

Holmen invests in a new drying plant at Iggesund Sawmill

Iggesund Sawmill is being modernised to allow for an increase in production. Holmen is currently investing SEK 70 million in a new drying plant which will increase its drying capacity from 400 000 to 500 000 m3. The new drying plant is what is known as a tunnel dryer. It is much more energy efficient than the old kiln dryers which it will partly replace. The greater drying capacity will primarily be used for dried wood products for the joinery industry. In addition to investing in new dryers, the group had previously agreed to invest in land for timber storage and warehouse space.

Packaging Corporation Of America Reports Third Quarter 2021 Results

Packaging Corporation of America reported third quarter 2021 net income of $251 million, or $2.63 per share, and net income of $257 million, or $2.69 per share, excluding special items. Third quarter net sales were $2.0 billion in 2021 and $1.7 billion in 2020. In the Packaging segment, total corrugated products shipments and shipments per day were up 2.3% over last year’s third quarter. Containerboard production was 1,256,000 tons, and containerboard inventory was up 91,000 tons from the third quarter of 2020 and up 17,000 tons compared to the second quarter of 2021. In the Paper segment, sales volume was down 33,000 tons compared to the third quarter of 2020, and up 2,000 tons compared to the second quarter of 2021.

Neenah Reports Third Quarter 2020 Results

Third Quarter Highlights *Net sales of $190.7 million increased 18 percent versus the second quarter with strong rebounds in each segment. *Filtration revenues increased 9 percent versus the prior year and contributed to a $3 million year-on-year increase in Technical Products operating income. *Consolidated operating income of $13.9 million compared with $19.0 million in the prior year. Excluding adjusting items of $2.0 million in 2020 and $2.5 million in 2019, operating income increased $15.4 million versus the second quarter, but declined from $21.5 million in 2019 to $15.9 million in 2020. *Cash generated from operations of $36.8 million increased from $33.4 million in the prior year as a result of actions in 2020 to carefully manage working capital and reduce spending. *Liquidity of $182 million as of September 30, 2020 increased from $159 million as of June 30, 2020.
Back To Top
×Close search
Search