Monday, 08 February 2016 09:59

Klabin posts 18th consecutive quarter of improved results

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klabin logoKlabin, Brazil’s largest packaging paper producer and exporter, and leading manufacturer of corrugated board packaging and industrial sacks, posted adjusted EBITDA (earnings before, interest, taxes, depreciation and amortization) of R$2.0 billion in 2015, for growth of 15% compared to 2014. In the fourth quarter, adjusted EBITDA stood at R$603 million, increasing 25% from the same period in 2014, for the 18th consecutive quarter of growth.

  • Adjusted EBITDA of R$2.0 billion in 2015, up 15% from 2014.
  • Net revenue of R$5.7 billion in 2015, for growth of 16% on 2014.
  • Fourth-quarter adjusted EBITDA of R$603 million, up 25% from the year-ago period.
  • Fourth-quarter export volume up 52% from the year-ago period.
  • At December 2015, construction of the new pulp plant in Ortigueira, Paraná (Puma Project) registered 95% completion. Construction is on schedule and startup is planned for March 2016.

Net revenue in 2015 rose 16% from the prior year to reach R$5,688 million. In the fourth quarter of 2015, net revenue was R$1,596 million, increasing 27% compared to the same period in 2014.

Over the course of the year, Klabin increased its export volume to reach 627,000 tons in 2015, growing 15% from 2014. In the fourth quarter, export volume came to 190,000 tons, up 52% on the year-ago period.

Export growth, coupled with recent increases in production capacity at Klabin’s paper plants, resulted in total sales volume – excluding wood – of 1.8 million tons in 2015, or 3% more than in 2014.

Capital Expenditure

In 2015, Klabin invested a total of R$4,627 million, of which R$4,053 million in the Puma Project, the new pulp plant under construction in Ortigueira, Paraná. In December, construction at the Puma Project reached 95% completion, with 77% of financial disbursements already concluded. The new plant, scheduled to start up in March 2016, will have production capacity of 1.5 million tons of hardwood, softwood and fluff pulp.

Of the total investment of R$1,364 million made during the fourth quarter of 2015, R$1,195 million was allocated to the new pulp plant, R$114 million to the maintenance of operations at existing plants, R$27 million to forest operations and R$28 million to special projects and capacity expansion.

About Klabin
 
Klabin, Brazil's largest paper producer and exporter, is the leading manufacturer of paper and board for packaging, corrugated board packaging, industrial sacks and timber in logs. Founded in 1899, it has 14 industrial units in Brazil and one in Argentina. Klabin is organized into three business units: Forestry, Paper (paperboard, kraft paper and recycled) and Conversion (corrugated board and industrial sacks).
 
Klabin's management is entirely oriented towards sustainable development, and pursues integrated and responsible growth that combines profitability, social development and a commitment to the environment. Klabin is also a signatory to the United Nations Global Compact and the Brazilian Pact to Eradicate Slave Labor, and seeks suppliers and business partners that adopt the same values of ethics, transparency and respect for the principles of sustainability.
 
Learn more at www.klabin.com.br

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