Klabin Brazil’s only producer to offer solutions in hardwood, softwood and fluff pulp, reported Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) of R$ 1.352 billion in the third quarter of 2023. This represented a increase of 1% over the previous quarter, although there was a significant reduction of 41% compared to the same period last year.
The company also reported total sales volume of 967 thousand tons in the third quarter of 2023, excluding wood. It highlighted the pulp segment, which achieved its second highest sales volume since the Puma Unit in Paraná state began operations. This achievement was attributed to Klabin’s geographical flexibility and its varied product portfolio, with record sales in the fluff segment.
The company demonstrated its commitment to operational efficiency by reducing cash cost to R$ 3,042 per ton in the third quarter of 2023, marking a 3% decrease compared to the same period last year and a 6% decrease compared to the previous quarter. This resilient performance by Klabin in the third quarter of the year, despite a challenging market environment, highlights the robustness of its diversified and flexible business model.
In terms of investments, Klabin allocated R$ 3.3 billion to its operations and expansion projects during the first nine months of 2023. This amount was distributed as follows: R$ 750 million in forestry operations, R$ 626 million to maintain the operability of the mills and R$ 567 million for special and expansion projects. Disbursements related to the Puma II Project totaled R$ 1.4 billion during the first nine months of 2023, accumulating a total investment of R$ 12.4 billion.