Register
Forgot your password?
Skip Navigation Links
ABOUT US
REQUEST RESIN
RESEARCH
SUPPORT CENTER
CONTACT US
Braskem EBITDA reaches US$3 billion in first nine months
SAO PAULO, Nov. 9, 2017 /PRNewswire via COMTEX/ -- Copyright (C) 2017 PR Newswire. All rights reserved

BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 3Q17.

HIGHLIGHTS:

Braskem - Consolidated:

-- EBITDA: US$ 868 million (R$2,746 million) down 8% compared to 2Q17 due to the capital gain from the divestment of quantiQ, in the amount of US$ 88 million.

-- Recorded free cash flow of R$1,068 million in 3Q17, up 6% from 2Q17.

-- Corporate leverage in U.S. dollar stood at 1.65x, or 1.82x including the financial penalty under the Global Settlement.

-- Net income of R$799 million in the Parent Company in 3Q17. YTD, net income attributable to shareholders came to R$3,697 million, corresponding to earnings of R$4.64 per common share and class "A" preferred share.

Brazil:

-- In 3Q17, crackers operated at an average capacity utilization rate of 92%, down 1 p.p. from 2Q17, due to the scheduled shutdown of the Rio de Janeiro cracker.

-- Brazilian demand for resins (PE, PP and PVC) reached 1.3 million tons in 3Q17, growing 6% in relation to 2Q17.

-- Sales in the Brazilian market: 915 thousand tons, an increase of 10% and 3% from the 2Q17 and the 3Q16 respectively.

-- Resin exports amounted to 396 kton, increasing 8% in relation to 2Q17 and decreasing 6% in relation to 3Q16. Exports of Main Chemicals came to 175 kton, representing decreases of 3% from 2Q17 and 10% from 3Q16.

-- EBITDA of R$1.930 million (US$610 million), including the results from exports, accounting for 67% of the Company's consolidated EBITDA from all segments.

United States and Europe:

-- Capacity utilization rate of 94%, down 1 p.p. and 7 p.p. from 2Q17.

-- Sales: 548 kton, increasing 6% and 9% from 2Q17 and 3Q16 respectively.

-- EBITDA: US$164 million (R$519 million), 18% of the Company's consolidated EBITDA from all segments.

Mexico:

-- PE plants operated at an average capacity utilization rate of 87%, an increased 4 p.p. from 2Q17.

-- PE Production amounted to 230 thousand tons, 6% higher than in the 2Q17.

-- PE sales: 236 kton, 65% sold in the Mexican market.

-- EBITDA: US$136 million (R$429 million), representing 15% of the Company's consolidated segments.

The full earnings release is available on the Company's IR website: www.braskem.com.br/ir

Braskem will host conference calls to discuss its Results TODAY, November 9, at 12:00 p.m. US ET. See connecting details on the Company's IR website.

For further information, contact Braskem's Investor Relations Area:

braskem-ri@braskem.com.br, (+55 11) 3576-9531.

View original content:http://www.prnewswire.com/news-releases/braskem-ebitda-reaches-us3-billion-in-first-nine-months-300552828.html

SOURCE Braskem S.A.

https://rt.prnewswire.com/rt.gif?NewsItemId=SP40086&Transmission_Id=201711090649PR_NEWS_USPR_____SP40086&DateId=20171109


News Provided by COMTEX
Privacy Statement | Copyright © 2017 The Plastics Exchange. LLC. | Patent Protected | All Rights Reserved.