Fibria’s net revenue amounted to R$4,722 million ($1.3 billion) in 2Q 2018, advancing 28% on 1Q 2018, due to the 11% appreciation in the USD against the BRL, the higher sales volume (+11%), and the 4% increase in the average net pulp price in USD. Compared to 2Q 2017, net revenue increased 70% as a result of the 32% increase in the average net pulp price in USD, the growth in sales volume (+15%) due to primarily the startup of the new line Horizonte 2 and the 12% appreciation in the USD against the BRL.
In 2Q 2018, Fibria posted a net loss of R$210 million ($59 million), compared to net income of R$615 million ($173 million) in 1Q 2018 and of R$259 million ($73 million) in 2Q 2017. The variation in relation to 1Q 2018 is mainly explained by the larger financial loss, due to exchange variation on the debt and on the derivatives mark-to-market, in turn due to the real depreciation against the dollar of 16%, which was partially offset by the higher operating income. Compared to 2Q 2017, the positive variation is mainly associated with the higher operating income, which offset the financial loss, due to the real depreciation against the dollar.
2Q 2018 adjusted EBITDA set a new record of R$2,499 million ($702 million), advancing 37% and 133% from 1Q 2018 and 2Q 2017, respectively.
Fibria is a Brazilian forestry company and the world’s leading eucalyptus pulp producer.
