Fibria posted net income of R$978 million ($277 million) in the 1Q 2016, driven primarily by its good operating performance and its vocation as an exporter, which allows it to benefit from the country’s weaker currency.

Fibria posts 1Q net income of R$ 978 million ($277 million)

12:07 / 五月 9, 2016

May 09, 2016. /Lesprom Network/. Fibria posted net income of R$978 million ($277 million) in the 1Q 2016, driven primarily by its good operating performance and its vocation as an exporter, which allows it to benefit from the country’s weaker currency.

“Net income in the 1Q, combined with the new records for net revenue, EBITDA and cash flow in the last 12 months, highlights the intense operating and financial discipline that the company has maintained since its founding,” said Fibria CEO Marcelo Castelli.

Fibria’s net revenue in the quarter came to R$2.4 billion ($681 million), advancing 20% on the 1Q 2015. In the last 12 months, net revenue amounted to R$10.5 billion ($2.9 billion), which is Fibria’s best result ever.

Adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was R$1.3 billion ($369 million), increasing 25% on the year-ago quarter.

Another record set by the company in the 1Q was the EBITDA in the last 12 months of R$5.6 billion ($1.6 billion). EBITDA margin in the 1Q stood at 52%, or 2 percentage points higher than in the prior-year period.

Fibria is a Brazilian forestry company and the world’s leading eucalyptus pulp producer.

Lesprom Network

Fibria posts 1Q net income of R$ 978 million ($277 million)

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