Record Sales and Strong EBITDA
Suzano achieved record sales for both the fourth quarter and the full year of 2024. The company reported a strong EBITDA of R$23.8 billion for the year, with leverage in dollar terms at 2.9 times.
Ribas Mill Performance
The Ribas mill achieved 900,000 tons of production and 700,000 tons of sales in 2024, in line with guidance after its startup in mid-2024.
Brazilian Market Growth
Sales from domestic producers grew by 12.5% in Brazil, with print and writing demand increasing by 11.7% in the first two months of the fourth quarter compared to the previous year.
Positive North American Packaging Performance
Suzano Packaging U.S. saw a 21% recovery in SPS demand in Q4 2024, driven by strong performance in the food service sector.
Successful Contract Renegotiations
Renegotiation of commercial contracts for Suzano Packaging U.S. secured better terms and synergies for raw materials and logistics.