28
Nov
Fibria 3Q revenue down to R$2.3 billion ($678 million)
(Sao Paulo, Brazil, 23 November, 2016) Fibria’s 3Q 2016 revenue were R$2.3 billion ($678 million), compared to R$2,790 million ($823 million) in 3Q 2015.
3Q 2016 adjusted EBITDA totaled R$758 million ($224 million), 18% and 51% less than in 2Q 2016 and 3Q 2015, respectively. LTM adjusted EBITDA amounted to R$4,560 million ($1.3 billion). The EBITDA Margin stood at 37%, excluding pulp sales from the Klabin agreement.
The Company posted 3Q 2016 net income of R$32 million ($9.4 million), versus net income of R$745 million ($220 million) in 2Q16 and a loss of R$601 million ($177 million) in 3Q15. (Source: press release)
