Suzano earned R$2.1bn and promised more cash by year-end
Profit rose 6% and EBITDA 9%. Operations were in line, and the company reaffirmed cash generation and debt reduction.
To save you time3
- How much did Suzano earn?
- R$2.1 billion in Q3, up 6%. Adjusted EBITDA was R$5.7bn, +9%.
- Was it good?
- Operations were in line with market expectations; Safra saw them slightly below.
- What did the company promise?
- More cash generation and debt reduction by year-end.
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Not every broad-agribusiness report was bad. Suzano, the pulp giant, delivered growth.
The numbers
- Profit: R$2.1 billion, up 6%.
- Adjusted EBITDA: R$5.7 billion, up 9%.
Operations were in line with expectations, Safra saw them slightly below.
The company's message
Suzano reaffirmed it will generate more cash and cut debt by year-end.
Why it matters
In the same period, meatpackers and mills showed rising debt and tight cash. Suzano is the counterpoint: an exporting forestry business that generates cash and uses it to deleverage.
What I'd watch
Pulp prices in China and Europe, and the exchange rate. A strong dollar helps those who export in dollars with costs in reais, that's where the cash promise becomes a number.
