In the 1Q 2016, Klabin's net revenue, including wood, totaled R$1,463 million ($405 million), up 12% over 1Q 2015. With the increasing share of exports in the total volume, net revenue from sales to export markets totaled R$517 million ($143 million) in 1Q 2016, up 32% over 1Q 2015 and now accounting for 35% of total revenue, up from 30% in the same quarter last year.
Despite the impact of the economic weakness on the packaging paper markets in Brazil and the lower log sales in the quarter with the start of supply to the new pulp plant, Klabin’s positioning in more resilient segments also increased revenue in the domestic market, which was R$946 million ($262 million) for the quarter, up 3% over the same period last year.
Total sales of 455 thousand tons, 4% increase in the quarter, highlighting the growth of 13% in exports and the sales stability in Brazil even in a challenging scenario, showing Klabin's agility in positioning itself in different market scenarios.
The Adjusted EBITDA totaled R$512 million ($142 million) for the 1Q, up 11% over the same period in 2015, without yet including the pulp sales from the Puma Project. The EBITDA margin was 35%.
Klabin is Brazil's largest paper producer and exporter and the leading manufacturer of paper and board for packaging, corrugated board packaging, industrial bags and timber in logs.
