Klabin S.A. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
February 31, 2017
Share
Klabin S.A. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's net revenue was BRL 1,964 million compared to BRL 1,596 million a year ago. 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. Adjusted EBITDA was BRL 653 million compared to BRL 603 million a year ago. Net income was BRL 109 million compared to BRL 521 million a year ago. As on date, the company's net debt was BRL 12,005 million. Capex was BRL 511 million compared to BRL 1,364 million a year ago. Operating income (before financial results) was BRL 294.6 million compared to BRL 546.1 million a year ago. Net income before taxes was BRL 75.3 million compared to BRL 784.9 million a year ago. Cash flow from operating activities was BRL 331.2 million compared to BRL 442.95 million a year ago. Purchase of property, plant and equipment was BRL 463.1 million compared to BRL 1,335.9 million a year ago.
For the year, net revenue was BRL 7,091 million compared to BRL 5,688 million a year ago. Adjusted EBITDA was BRL 2,287 million compared to BRL 1,975 million a year ago. Net income was BRL 2,482 million compared to BRL Net loss of 1,253 million a year ago. Capex was BRL 2,567 million compared to BRL 4,627 million a year ago. Operating income (before financial results) was BRL 1,348.8 million compared to BRL 1,462.2 million a year ago. Net income before taxes was BRL 3,214.94 million compared to net loss before taxes of BRL 1,947.8 million a year ago. Cash flow from operating activities was BRL 1,202.8 million compared to BRL 1,739.99 million a year ago. Purchase of property, plant and equipment was BRL 2,421.8 million compared to BRL 4,526.7 million a year ago.
Klabin S.A. and its subsidiaries operate in segments of the paper and pulp industry, supplying the domestic and foreign markets with wood, packaging paper, paper sacks, corrugated cardboard boxes and pulp. The Company's segments include Forestry, Paper, Conversion and Pulp. The Forestry segment involves operations relating to planting and growing pine and eucalyptus trees to supply its plants, and involves selling timber to third parties in the domestic market. The Paper segment involves the production and sale of cardboard, kraftliner and recycled paper rolls in the domestic and foreign markets. The Conversion segment involves the production and sale of corrugated cardboard boxes, corrugated cardboard and industrial sacks in the domestic and foreign markets. The Pulp segment includes the production and sale of short fiber bleached pulp, long fiber bleached pulp and fluff pulp in the domestic and foreign markets. The Company has over 20 industrial units in Brazil and Argentina.
KLABIN S.A. 
