Supported by sales volume growth and a 42% increase in the average net pulp price in U.S. dollar, Fibria posted net revenue of R$3.693 billion ($1 billion) in the 1Q 2018, up 78% on the same period last year, as the company said in the press release received by Lesprom Network.
In the first three months of the year, adjusted EBITDA (earnings before interest, tax, depreciation and amortization) amounted to R$1.824 billion ($536 million), 183% higher than in the same period of 2017.
EBITDA margin, excluding the sales of pulp from Klabin, stood at 55%, supporting the net income in the period of R$615 million ($181 million), an increase of 87% on the 1Q 2017.
In the 1Q 2018, Fibria registered a pulp production cash cost of R$708 ($208) per ton, down 6% from the year-ago period. The decrease is mainly explained by the startup of the second production line at the Três Lagoas Unit, which had positive impacts on wood costs, fixed costs and energy sales. Excluding the effects from the scheduled shutdowns in the first quarter, production cash cost was R$626 ($184) per ton, down 8% from the same period of 2017.
Fibria is a Brazilian forestry company and the world’s leading eucalyptus pulp producer.
