Klabin reported growth of 36% in adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in the 4Q 2020 compared to the prior-year quarter, reaching R$1.312 billion ($252 million).
In the whole of 2020, Adjusted EBITDA came to R$4,906 billion ($943 million), advancing 14% on 2019. Excluding non-recurring effects, adjusted EBITDA was R$1.106 billion ($212 million) in 4Q 2020 and R$4.700 billion ($904 million) in 2020, represent growth of 15% and 27% on the prior-year periods.
Net revenue in the 4Q 2020 grew by 22% compared to 4Q 2019, to R$3.292 billion ($633 million), setting a new record for the company, driven by sales volume growth, the weaker Brazilian real against the U.S. dollar and the recovery of prices in paper and packaging markets.
In 2020, net revenue was R$11.949 billion ($2.3 billion), 16% higher than in 2019.
In October, November and December 2020, Klabin’s total sales volume, excluding wood, amounted to 941,000 tons, increasing 2% in comparison with the same period of 2019. The result was leveraged by the strong market demand for paper and packaging, as well as the additional volume produced by the mills of International Paper that were merged into Klabin in October 2020, following the acquisition’s conclusion. In 2020, total sales volume grew 7% to 3,558 thousand tons sold, with all business lines reporting growth.
Klabin is Brazil’s largest producer and exporter of packaging paper.
Source: Lesprom Network