Klabin Reports Second Quarter 2017 Results

•The company recorded adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$595 million in the second quarter of 2017
•Adjusted EBITDA reached R$595 million in the second quarter of 2017, up 11% from the same period in 2016.
•Driven by the increase in pulp sales, total sales volume reached 777,000 tons in the second quarter of 2017, an increase of 23% year on year.
•The Puma Unit successfully completed the ramp-up process in the second quarter to reach the pulp production cash cost planned by Klabin.
•The company’s strategy for the conversion segment boosted sales of converted products (corrugated board packaging and industrial bags) in the second quarter, which reached 190,000 tons, up 8% from the second quarter of 2016.

Klabin, Brazil’s largest paper producer and exporter, the leading manufacturer of paper and board for packaging, corrugated board packaging and industrial bags, and the only company in Brazil to produce hardwood, softwood and fluff pulp in the same plant, registered its 24th consecutive quarter of growth in financial results. The company recorded adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$595 million in the second quarter of 2017, which is 11% higher than in the same period in 2016.

In the second quarter of the year, the company highlights in its balance sheet the strong and sustained performance of the Puma Unit which, after the annual maintenance shutdown at the end of March this year, concluded the ramp-up process and recorded pulp sales volume of 337,000 tons in 2Q17, 12% higher than in 1Q17.Of the total sales volume in the second quarter of this year, 252,000 tons were hardwood pulp and 85,000 tons were softwood and fluff pulp.

The strong performance of the Puma Unit drove Klabin’s total sales volume in the second quarter of 2017 which, together with the solid performance by the paper and conversion units, reached 777,000 tons (excluding wood), up 23% from 2Q16.Net sales revenue totaled R$1,984 million in the second quarter of 2017, increasing 17% from the same period last year.

Another highlight is the increase in sales volume of conversion products, in which Klabin registered growth of 8% in the second quarter of 2017 compared to the same period last year.In the half yearly comparison, the increase was 10% this year compared to last year.This growth was due to acquisitions in the corrugated board market at the end of 2016 (Embalplan and Hevi Embalagens) and demonstrates Klabin’s adaptability and competitiveness in diverse markets and adverse scenarios.

Klabin invested R$209 million in the second quarter of 2017, of which R$43 million went to the Puma Unit, R$64 million to forest operations, R$87 million to working capital of plants and R$15 million in high-return projects aimed at improving the company’s performance in all of its operating segments.
https://www.klabin.com.br/en/press/news/

Related Posts

International Paper Contributes $1 Million to Assist Hurricane Harvey Relief Efforts

International Paper has pledged $1 million to support disaster relief efforts in the communities impacted by Hurricane Harvey and Tropical Storm Harvey. The International Paper Foundation will contribute $750,000 to the American Red Cross chapters in Texas and Louisiana, and will contribute $250,000 to Feeding America. International Paper has established strategic partnerships with these organizations to provide disaster relief in communities where IP employees live and work. Click Read More below for additional detail.

GreenFirst Forest Products announces $24 Million financing for Kap Paper

GreenFirst Forest Products Inc. announces Kap Paper Inc., a wholly owned subsidiary of GreenFirst, has entered into a loan agreement with a third party establishing a non-revolving term loan facility of up to $24 million to support its paper mill operations in the town of Kapuskasing. The loan is to be used for general working capital purposes. “The financing will afford us the opportunity to move forward our long-term strategy for Kap Paper, ensuring its competitiveness,” said Terry Skiffington, Kap Paper’s CEO. Kap Paper remains focused on mill operations and has made considerable improvement on the operational challenges faced in the last two reported quarters, some of which were caused by external events. Kap Paper looks to build on this momentum to further improve operational efficiencies in what has been a tough pricing environment for paper products. Kap Paper is the only pulp and paper mill operating in Eastern Ontario. As such, its operations are imperative to help mitigate challenges related to diminishing chip consumption, which is jeopardizing sawmill operations in Ontario.

Feldmuehle Uetersen announces reorganization

The company’s acquisition has been finalized. Feldmuehle Uetersen announced that it will be transferred to a subsidiary of the Berlin-based Beteiligungsgesellschaft Kairos Industries with effect from 15 June 2018 and will be continued in full. ‘Feldmuehle’ was founded specially for the transfer. The insolvency administrator and restructuring expert Dr. Tjark Thies from the Hamburg law firm Reimer Rechtsanwälte had concluded an acquisition agreement with Kairos in May 2018. This agreement was under several challenging conditions, which were met the week ended June 15. "The successful completion of this refurbishment is largely thanks to the dedication, flexibility and responsiveness of the Feldmuehle employees," says Thies.
Back To Top
×Close search
Search