On a quarterly basis, shipments increase by 2.6% when compared to 3Q 2013, and when compare on an accrued basis versus last year’s same period an increase of 1.4% on a consolidated basis.
The Company achieved an EBITDA of $35.4 million compared to $33.7 million in a year-ago quarter, representing a 5.1% increase, due mainly to its lower Unit Cost.
On an accrued basis, EBITDA accomplished $113.8 million in the first nine months of 2014 compared to $108 million in the prior year. The aforementioned represents a 5.3% increase due to higher Prices.
Commenting on the Company’s results and outlook, Miguel Rincon, Bio PAPPEL’s Chairman and CEO, said: “Our strategy to grow and optimize our business continues to gain traction in the quarter as consolidated sales and earnings reached greater levels driven by strong sales volume, mill cost reductions, lower costs and higher margins that resulted in a positive price/cost relationship”.
Bio PAPPEL, S.A.B. de C.V. is the largest integrated paper producer in Mexico and with operations in the USA.
