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Eldorado reports second quarter revenue

The results released by the company follow the appreciation of pulp in the international market

Pulp producer Eldorado Brasil reported a positive performance for the second quarter of 2022, with revenue of R$1.8 billion (approximately $353 million) and net income of R$703 million. The company’s adjusted Ebitda totaled just over R$1 billion, with a margin of 59%.

Between April and June, the company generated R$ 413 million of free cash flow, maintaining the trend of reducing its indebtedness. In the annual comparison, net debt decreased by 25%, totaling R$4,403 million on June 30, 2022.

With the positive operational and financial performance, Eldorado reduced its financial leverage (net debt / adjusted Ebitda), which reached its lowest historical level, having hit the mark of 1.19x, against 2.02x in the same period of the previous year.

The released results accompany the appreciation of pulp in the international market, as the average price rose by 15% between the first and second quarters of this year. The commodity’s value has been boosted by logistical bottlenecks, which continue to hamper the movement of products between continents, as well as restrictions on global supply.


The company reached the mark of 466 thousand tons of pulp produced in the second quarter, 9% more than in the first three months of the year, an increase of 1% compared to the same period in the previous year. Pulp sales reached 457 thousand tons, up 7.3% compared to the first quarter and 4.6% compared to the previous year.

In the same period, the company was recommended for another five years for the FSC® (FSC-C113536) and CERFLOR (National Forest Certification Program) certifications. Both attest to the solidity and constancy of the forest management practices carried out by the company, demonstrating Eldorado’s adherence to the highest certification standards in the sector.

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