Brazilian forestry company and the leading eucalyptus pulp producer Fibria, reported 15.8% increase of EBITDA amid 16.3% growth of net revenues in 2Q2017 y-o-y. According to the announcement, the company’s net revenues accounted for BRL 2,775 billion million (around USD 882 million), generating EBITDA of BRL 1,071 million in the period (45% margin).
Marcelo Castelli, Fibria CEO, commented:
“Conditions in the second quarter remained very positive for pulp producers. Demand strengthened in all regions, which, combined with the supply restrictions due to delays in the startup of new capacities and the unscheduled production shutdowns, resulted in low inventories and supported higher prices. Furthermore, Fibria’s exporter profile benefited from the stronger appreciation in the U.S. dollar. Internally, we remain focused on operational excellence and reducing our production cash cost.”
In 1Q2017 Fibria generated 37% EBITDA margin.
The company is a global leader in eucalyptus pulp production. With an annual pulp production capacity of 5.3 million tons, it has industrial units in the cities of Aracruz (Espírito Santo), Jacareí (São Paulo) and Três Lagoas (Mato Grosso do Sul), and in Eunápolis (Bahia), where it operates the Veracel plant through a joint venture with Stora Enso. Fibria owns a forest area of around 1,056,000 hectares, with 633,000 hectares of planted forests, 364,000 hectares of environmental preservation and conservation areas and 59,000 hectares destined for other uses. The pulp manufactured by Fibria is exported to more than 40 countries.