Klabin S.A. Announces Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Outlook for the First Quarter of 2018
February 01, 2018 at 11:58 am EST
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Klabin S.A. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's net revenue was BRL 2,297,896,000 compared to BRL 1,963,845,000 a year ago. Operating income (before financial results) was BRL 526,940,000 compared to BRL 294,601,000 a year ago. Net loss before taxes was BRL 162,828,000 compared to income of BRL 75,303,000 a year ago. Net loss was BRL 82,893,000 compared to BRL 108,862,000 a year ago. Adjusted EBITDA was BRL 854,956,000 compared to BRL 652,627,000 a year ago. Capex was BRL 248 million against BRL 511 million a year ago. Free cash flow was BRL 561,000 against negative free cash flow of BRL 224,000 a year ago. Adjusted free cash flow was BRL 769 million against BRL 250 million a year ago. Adjusted free cash flow influenced by cash generation and improvement in working capital. EBITDA was at BRL 855 million, 31% growth on a year-on-year basis.
For the year, net revenue was BRL 8,373,378,000 compared to BRL 7,090,798,000 a year ago. Operating income (before financial results) was BRL 1,538,428,000 compared to BRL 1,348,825,000 a year ago. Net income before taxes was BRL 838,668,000 compared to BRL 3,214,935,000 a year ago. Net income was BRL 532,169,000 compared to BRL 2,481,946,000 a year ago. Adjusted EBITDA was BRL 2,738,179,000 compared to BRL 2,287,420,000 a year ago. Net debt on December 31, 2017 a was BRL 11,278,000 against BRL 12,005,000 a year ago. Capex was BRL 925 million against BRL 2,567 million a year ago. Revenue increased 18% in relation to 2016, mainly because of Puma Unit pulp sales and converted product sales, in addition to price increases in some international markets for some products. Free cash flow was BRL 1,113,000 against negative free cash flow of BRL 1,480,000 a year ago. Adjusted free cash flow was BRL 1,918 million against BRL 994 million a year ago. Adjusted free cash flow was reached due to a divestment in working capital of BRL 395 million.
The company's pulp production volume was 394,000 tonnes in the fourth quarter of 2017, 10% more than in third quarter of 2017.
The company's pulp production volume was 1,401,000 tonnes in 2017.
For the first quarter of 2018, the company expects EBITDA of same pace or same magnitude, or even more than the fourth quarter.
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. Announces Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Outlook for the First Quarter of 2018
KLABIN S.A. 
