Empresas CMPC S.A. (CMPC) announced its unaudited results for 1Q 2017. Total revenue was $1,213 million for the quarter, 5% lower compared to 4Q 2016, but up 5% when compared to 1Q 2016, as the company said in the press release received by Lesprom Network.
EBITDA totaled $210 million during the quarter, down 5% QoQ, and 20% YoY. EBITDA margin remained unchanged QoQ at 17% and declined from 23% in 1Q 2016.
The 20% YoY decline in EBITDA was mainly due to a 31% contraction in Pulp EBITDA, partially offset by a 15% increase in Tissue. Lower Pulp EBITDA reflects higher maintenance costs, as well as negative impact from the appreciation of the Brazilian Real and lower hardwood prices.
CMPC reported a net loss of $18 million in 1Q 2017, compared to a net loss of $162 million in 4Q 2016 and net income of $60 million in 1Q 2016.
Empresas CMPC S.A. is a leading large scale Latin American producer of pulp, tissue, wood & paper products, serving global and local markets.
