Klabin reaches Adjusted EBITDA of R＄ 1.942 billion in the first quarter of 2023

Klabin, the largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, recorded, in the first quarter of 2023, Adjusted EBITDA (Earnings before Interest, Taxes, Fees , Depreciation and Amortization) of R＄ 1.942 billion, up 13% over the same period of the previous year.

In the first three months of the year, the Company’s sales volume, excluding wood, totaled 881 thousand tons. The flexibility of Klabin’s integrated business model benefited the conversion of paper into packaging, minimizing the Company’s exposure to the Kraftliner foreign market. As a result, Net Revenue reached R＄ 4.831 billion in 1Q23, growth of 9% compared to 1Q22, a result that also reflects the price adjustments carried out over the last few months.

The ROIC (Return on Invested Capital) reached 19.4% in the period, demonstrating the Company’s ability to combine growth with the generation of value for shareholders. The solid results reinforce, once again, the success of Klabin’s integrated, diversified and flexible business model and its constant search for operational efficiency.
details at: https://klabin.com.br/reputacao/press-releases/-/2023-05-03-klabin-alcan%C3%A7a-ebitda-ajustado-de-r%EF%BC%84-1-942-bilh%C3%A3o-no-primeiro-trimestre-de-2023

Related Posts

Amcor announces CEO transition

Amcor announced that after nine years as Chief Executive Officer (CEO), Ron Delia has informed the Board of Directors of his decision to retire from the Company and step down from the Board for health reasons, effective April 15, 2024. The Board has appointed Peter Konieczny, Amcor’s current Chief Commercial Officer and a long-standing member of the Company’s Global Management Team, as Interim CEO. Mr. Delia will provide continued support in an advisory role until September 30, 2024, to facilitate the transition. The Board is conducting a thorough search process to identify a permanent successor for the CEO role, which will include internal and external candidates.

Inteplast Joins Flexible Packaging Pros to ‘Understand Rapidly Changing Needs’

Inteplast Engineered Films (IEF) and Inteplast BOPP Films, both manufacturers of packaging films, will attend the Flexible Packaging Association’s Annual Meeting in Tucson, AZ on March 20-22, to dive deeper into the fluid and frequently shifting landscape of sustainable packaging. IEF President Bob Stein said the FPA offers an opportunity to gauge customers’ needs. “We’re very excited about joining the FPA. As a guest at the fall 2023 meeting, I found the Association’s agenda to be very relevant to IEF and our focus on developing, producing, and selling our sustainable films, which are branded under our InteGreen label. I see joining the FPA as yet another opportunity to get closer to our customer needs, understand and stay ahead of any changing or expected legislation, and to work closer with all of our partners as we navigate this very dynamic time as a supplier into the flexible packaging industry,” Stein said.

Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results

Highlights: *Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. *Net Income was $150 million, an increase of 127% versus the prior year quarter. *Earnings per Diluted Share were $0.49, an increase of 133% versus the prior year quarter. *Announcing definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. *Board of Directors approved $500 million increase to share repurchase authorization.
Back To Top
×Close search
Search