Braskem SA ( (BAK) ) just unveiled an announcement.
In its financial report for the fourth quarter of 2024, Braskem S.A. announced a recurring EBITDA of $1.1 billion for the year, marking a 46% increase from 2023. The company faced challenges in 4Q24 due to decreased demand in the Brazilian market and reduced international market spreads, impacting quarterly results. Despite these challenges, Braskem managed to generate R$265 million in recurring cash. The company also reported a corporate gross debt of $8.6 billion and a cash position of $2.4 billion, sufficient to cover upcoming debts for 47 months.
More about Braskem SA
Braskem S.A. is a leading resins producer in the Americas and a world leader in biopolymers. The company operates in the petrochemical industry, focusing on the production of thermoplastic resins and other chemical products, with significant market presence in Brazil, the United States, Europe, and Mexico.
YTD Price Performance: 2.00%
Average Trading Volume: 988,013
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.66B
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