Suzano Papel E Celulose (SUZ) has released an update.
Suzano Papel e Celulose, a leading pulp and paper producer, reports mixed first-quarter results for 2024, with a slight decrease in pulp sales volume and a notable increase in paper sales compared to the same period last year. Despite a challenging market with declining average prices for both pulp and paper, the company achieved a stable cash cost of production and reported significant growth in adjusted EBITDA per ton from pulp. The Cerrado Project also nears completion, signaling potential future growth for the company.
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