Suzano Q3 Sales $2.21B, Up From Prior Year Due To Higher Net Average Pulp Price, And Higher Sales Volume

Benzinga · Oct 25 06:34

Suzano's net revenue in 3Q24 was R$12,274 million, 79% of which came from exports (vs. 80% in 2Q24 and 75% in 3Q23). In relation to 2Q24, net revenue increased 7% due to the appreciation of the average USD against the average BRL (+6%) and higher sales volume (+4%), partially offset by the lower net average pulp price in USD (-4%).

The 37% increase in consolidated net revenue in relation to 3Q23 is mainly due to the higher net average pulp price in USD (+23%), the appreciation of average USD against average BRL (+14%), and the higher sales volume (increase of 6% and 9% in the pulp and paper segments, respectively).

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Suzano Q3 Sales $2.21B, Up From Prior Year Due To Higher Net Average Pulp Price, And Higher Sales Volume

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