Braskem Posts Q4 Recurring EBITDA Of $211M, Up 13% From QoQ; Cash Position Of $3.6B, Ensuring Coverage Of Debt Maturities Over The Next 72 Months
Portfolio Pulse from Benzinga Newsdesk
Braskem S.A. (NYSE:BAK) reported a Q4 recurring EBITDA of $211M, marking a 13% increase from Q3 and a significant rise from the previous year. The company's cash position stands at $3.6B, covering debt maturities for the next 72 months. Cost reductions and increased PE production in Mexico contributed to the positive results.
March 19, 2024 | 1:11 pm
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Braskem reported a 13% increase in Q4 recurring EBITDA to $211M, with a cash position of $3.6B ensuring debt coverage for the next 72 months. Cost reductions and increased PE production in Mexico were key contributors.
The positive earnings report, showing a significant increase in EBITDA and a strong cash position, suggests a robust financial health and operational efficiency. The reduction in costs and improved production capacity in Mexico are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100