Suzano has released its third quarter results, with operating cash generation reaching R$4.4 bn, up 132% on the same period last year.
Adjusted EBITDA totaled R$6.5 bn, a 77% increase over Q3 23. Net revenue reached R$12.3 bn, the highest quarterly performance since 2022, and a rise of 37% on the same quarter last year.
The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favourable contribution from exchange rates.
Beto Abreu, CEO of Suzano, commented, “The third quarter of this year has seen Suzano make substantial progress in a number of strategic areas. We are excited about the initial performance of our new mill in Ribas do Rio Pardo, our sales volumes were strong, our leverage continued to improve, and we advanced our international growth with progressing our acquisitions in the USA and Austria. The progress this quarter reinforces our conviction that the company, which celebrated its 100th anniversary this year, is well prepared for the future.”
