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Fibria reports record net revenue

Photo: Fibria
Photo: Fibria
Published by
Simon Matthis - 29 Jan 2016

Brazilian market pulp producer Fibria reported net revenue of R$10.1 billion in 2015, which advanced 42% on 2014 to set a new record for a 12-month period. In the fourth quarter of 2015, net revenue came to R$3 billion, advancing 7% on the prior quarter.

Another record for a 12-month period, adjusted EBITDA (earnings before, interest, taxes, depreciation and amortization) amounted to R$5.3 billion, increasing 91% from 2014. In the fourth quarter, adjusted EBITDA was R$1.6 billion, increasing 5% on the prior quarter. EBITDA margin in 2015 stood at 53%, also setting a new record for the company's economic performance.

Another highlight in the company's results was the robust growth of 351% in free cash generation in 2015 to a record R$2.9 billion, with this figure excluding the dividend distributions, the investment (capital expenditure) in the Horizonte 2 Project to expand capacity at the Três Lagoas Unit in Mato Grosso do Sul and the land acquisitions made at the end of the year. Of this amount, R$866 million was generated in the last quarter of the year.

“The year 2015 represents a new phase in our history, with important strategic decisions taken that will take us to a new level of competitiveness and boost our operating capacity. With the Horizonte 2 Project, which is advancing on schedule, we will further expand our global leadership in the pulp industry,” said Fibria CEO Marcelo Castelli.