Empresas CMPC S.A. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 10, 2017
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Empresas CMPC S.A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported sales of $1,213,046,000 compared to $1,159,313,000 a year ago. EBITDA was $209,586,000 compared to $260,918,000 a year ago. Operating income was $53,716,000 compared to $121,605,000 a year ago. Net loss was $17,951,000 compared to profit of $60,487,000 a year ago. Cash flow from operating activities was $247,347,000 compared to $176,843,000 a year ago. Purchases of property, plant and equipment were $86,104,000 compared to $97,003,000 a year ago. Purchases of other long-term assets were $16,840,000 compared to $13,065,000 a year ago. Free cash inflow was $107 million compared to free cash outflow of $5 million a year ago. The main driver behind the quarter-on-quarter and year-on-year increase is the positive Working Capital variation, which is a result of several internal initiatives that help optimize capital allocation. Capital expenditures during the quarter totaled $112 million, decreasing 20% quarter-on-quarter, and 10% year-on-year. Capital expenditures during the quarter are mainly related to the Cañete and Laja projects, in addition to maintenance capex. As at March 31, 2017, the company’s net debt of $3,485 million compared to $3,519 million a year ago.
Empresas CMPC SA is a Chile-based company primarily engaged in the paper products industry. The Companyâs activities are divided into five business segments: Forestry, which includes products that are logs for the manufacturing of cellulose pulp and solid lumber products, such as sawn lumber, remanufactured products and plywood boards; Pulp, which provides pulp manufactured in production lines in Chile and Brazil; Paper, which focuses on the production and marketing of cardboard, paper for corrugation , industrial-use paper and newsprint; Tissue, which is responsible for producing and selling tissue, sanitary and specialized hygienic products, such as toilet paper, napkins, baby diapers and facial tissues, and Other, which includes general administrative services. The Company operates in Argentina, Colombia, Mexico, Peru and Ecuador, among others. It controls a number of subsidiaries, such as CMPC Celulosa SA, Cartulinas CMPC SA, Chimolsa SA La Papelera del Plata SA.
EMPRESAS CMPC S.A. 
