Fibria's 4Q 2016 net revenue totaled R$2.53 billion ($843 million), 10% higher than in the 3Q 2016. Compared to the 4Q 2015, revenue fell by 15%, due to the 18% drop in the average net pulp price in dollars and the 14% average devaluation of the dollar against the real, partially offset by higher sales volume.

Wood Pulp

Fibria reported 15% drop in 4Q net revenue

Fibria's 4Q 2016 net revenue totaled R$2.53 billion ($843 million), 10% higher than in the 3Q 2016. Compared to the 4Q 2015, revenue fell by 15%, due to the 18% drop in the average net pulp price in dollars and the 14% average devaluation of the dollar against the real, partially offset by higher sales volume, as the company said in the press release received by Lesprom Network.

Fibria recorded a loss of R$92 million ($30.7 million) in the 4Q 2016, against a net income of R$32 million ($10.7 million) in the 3Q and R$910 million ($303 million) in 4Q 2015.

4Q adjusted EBITDA totaled R$804 million ($268 million), 6% more than in the 3Q, due to higher sales volume and the appreciation of the dollar against the real. In relation to the 4Q 2015, the 50% decline in adjusted EBITDA was due to the 30% drop in the average net price in reais (in turn explained by the 18% decline in pulp prices, in dollars, and the 14% average depreciation of the dollar against the real).

Fibria is Brazilian forestry company and the leading eucalyptus pulp producer.