Nov 4 (Reuters) - Brazilian pulpmaker Klabin
posted adjusted earnings before interest, tax, depreciation and
amortization (EBITDA) of 1.81 billion reais ($308.47 million),
up 33% from a year earlier, it said on Monday in a securities
filing.
WHY IT'S IMPORTANT
Klabin is one of the largest pulpmakers in Brazil. It
owns 23 plants in the country and is the largest producer and
exporter of packaging papers in the country.
BY THE NUMBERS
The company's EBITDA was above the median estimate of
1.77 billion reais projected in an LSEG poll.
Klabin posted a net profit of 729 million reais in the
third quarter.
The company's net revenue grew 14% year-on-year to 5
billion reais in the third quarter.
KEY QUOTES
"The third quarter of 2024 was marked by ongoing
improvement in market conditions in the paper and packaging
segments, observed since the beginning of the year," Klabin said
in a statement.
It added, however, that these positive factors were only
partially reflected in its third quarter results due to
logistics bottlenecks in Southern Brazilian ports.
($1 = 5.8677 reais)