Bolstered by pulp revenues of R$471 million ($157 million) from the Puma Unit, Klabin’s 4Q 2016 net revenues, including wood, reached R$1,964 million ($655 million), 23% higher than in 4Q 2015.
Important to point out that revenues were negatively impacted by a lower average FX rate during the period in relation to 2015 and affecting revenue flows from products with prices indexed to the US Dollar.
Klabin reported an Adjusted EBITDA in 4Q 2016 of R$653 million ($218 million) and R$2,287 million ($762 million) for FY 2016, an 8% and 16% increase, respectively in relation to the same periods in 2015.
Klabin’s sales volume continued to grow in 4Q 2016, driven mainly by the continuing ramp up in production at the Puma Unit, initiated in March. Excluding wood, volumes sold, reached 777 thousand tonnes, a 56% increase in relation to the 499 thousand tonnes sold in 4Q 2015. The Puma Unit contributed 301 thousand tonnes in sales during the quarter, of which 208 thousand tonnes of hardwood and 93 thousand tonnes of softwood and fluff pulp.
Klabin, Brazil's largest paper producer and exporter, is the leading manufacturer of paper and board for packaging, corrugated board packaging, industrial bags and timber in logs.
