Business News

Suzano Papel e Celulose S.A. Announces 3Q10 Earnings Release

Friday 29. October 2010 - Suzano Papel e Celulose S.A. (Bovespa: SUZB5) announces 3Q10 Earnings Release and conference calls with investors and analysts.

Highlights 3Q10

Total market pulp and paper production of 680 thousand tons.
Sales volume of 675 thousand tons: 390 thousand tons of pulp and 285 thousand tons of paper.
Net revenue of R$1.2 billion.
Pulp production cash cost of R$458/ton (excluding maintenance downtime costs).
EBITDA of R$408 million, with EBITDA margin of 35.2%.
Net income of R$273 million.
Net debt/EBITDA ratio: 2.4x in September 2010.
Reduction of US$50/ton in pulp prices in August and maintenance of prices in September and October.
Total pulp inventories at 32 days of production, below historical levels.
Paper price increase in both domestic and export markets.
Cash and cash equivalents of R$3.6 billion and gross debt of R$7.5 billion on September 30, 2010.
Conclusion of the acquisition of FuturaGene for US$84.2 million.
US$650 million raised through Notes rated Baa3 (Investment Grade, Moody’s) and BB+ (Standard & Poor’s).