Brazilian pulp and tissue manufacturer Suzano has recorded Adjusted EBITDA up 60% year-on-year to R$6.3bn in its Q2 results.
It said this increase reflected higher pulp prices, favourable FX rates, increased sales volume, and reduced production costs.
Operating cash generation totalled R$4.5bn, which Suzano said was the strongest quarterly result since Q1 2023. Net revenue came to R$11.5bn.
Pulp sales reached 2.5m tonnes while paper sales totalled 333,000 tonnes.
The company reported a net loss of R$3.8bn, which it said was due to the foreign exchange impact in the financial results.
As of the end of June, Suzano had deployed 89% of the R$22.2bn total planned investment in the Cerrado Project.
Beto Abreu, Chief Executive of Suzano, said: “The Cerrado Project’s start-up represents a significant milestone in Suzano’s century-long history and its future capacity for value generation.
“With the lowest structural cost across all our operations, the new mill will enhance our scale and competitiveness in the pulp business.
“At the same time, we continue to advance in other strategic avenues, including the acquisition of industrial assets from Pactiv Evergreen and taking a significant minority stake in Lenzing.”
