Braskem SA ( (BAK) ) has issued an announcement.
In 2024, Braskem S.A. reported a 46% increase in Recurrent EBITDA, reaching US$1.1 billion, driven by higher sales volumes and increased gross profit in its Brazil/South America and Mexico segments. Despite challenges such as global economic slowdowns and structural changes in the petrochemical industry, Braskem implemented resilience and financial health initiatives, resulting in significant operational cash generation and reduced SG&A expenses. The Brazilian chemical industry faced a trade deficit and low capacity utilization, prompting measures like increased import tariffs and investment programs to strengthen the sector.
More about Braskem SA
Braskem S.A. operates in the petrochemical industry, primarily producing polyethylene (PE) and other chemicals. The company focuses on markets in Brazil, South America, and Mexico, with significant involvement in the global petrochemical supply chain.
YTD Price Performance: 2.00%
Average Trading Volume: 988,013
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.66B
See more insights into BAK stock on TipRanks’ Stock Analysis page.