Empresas CMPC S.A. (“CMPC”) announced its unaudited results for 3Q 2017. Total revenue was $1,338 million for the quarter, up 5%, compared to 2Q 2017 and 7% higher compared to 3Q 2016, as the company said in the press release received by Lesprom Network.
EBITDA totaled $323 million during the 3Q 2017, up 22% year-over-year. EBITDA margin expanded to 24.1%, up from 22.6% in 2Q 2017 and 21.2% in 3Q 2016.
The 22% year-over-year increase in EBITDA was mainly due to a 41% increment in Pulp EBITDA, partially offset by the 14% decline in Tissue EBITDA. Higher Pulp EBITDA reflects increased pulp prices and higher softwood volumes, while the lower Tissue EBITDA reflects higher fiber costs, as well as higher SG&A expenses.
CMPC reported a net income of $89 million in 3Q 2017, compared to $26 million in 2Q 2017 and $37 million in 3Q 2016.
Empresas CMPC S.A. is a leading large scale Latin American producer of pulp, tissue, wood & paper products, serving global and local markets.
