Suzano Papel E Celulose (SUZ) has released an update.
Suzano Papel e Celulose reported a mixed quarter with pulp sales volume decreasing to 2.4 million tons from the prior year, while paper and packaging sales showed a slight increase. The company’s adjusted EBITDA declined to R$4.6 billion, and they ended the quarter with a higher net debt of US$11.9 billion, reflecting an increase in leverage to 3.5x. Despite these challenges, the end of the investment cycle and the startup of a new mill are expected to contribute to the company’s future deleveraging efforts.
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