Klabin has reported adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) of R$1.233 billion ($232.6 million) in the 3Q 2020, an increase of 59% from the same period in 2019, excluding the non-recurring effects reported in the 3Q 2019 results.
Driven by growth across all business lines, Klabin posted record net revenue of R$3.109 billion ($586 million) in 3Q 2020, an increase of 25% from 3Q 2019. Excluding wood, total sales volume in August, September and October this year stood at 910 thousand tons, 14% higher than in the third quarter last year. This is due to Klabin’s operational efficiency and flexibility, as well as the fact that it serves the basic needs sectors – especially in the industrialized and fresh foods, personal hygiene, hospital and cleaning products segments, as well as the construction materials and durable goods sectors, which registered strong growth in demand during the period.
In the 3Q 2020, adjusted free cash flow, which excludes discretionary factors, stood at R$1.8 billion ($339 million). In the last twelve months, adjusted free cash flow reached R$4 billion. During the 3Q, Klabin invested R$1,348 million in its operations and expansion projects, with R$88 million ($16.6 million) going to forestry operations, R$104 million ($19.6 million) to meet the working capital requirements of mills and R$15 million ($2.8 million) to special projects.
Klabin is Brazil’s largest producer and exporter of packaging paper, the country’s only producer to offer solutions in hardwood, softwood and fluff pulp, and the leading producer of corrugated board packaging and industrial bags.
