Suzano Q3 Sales $2.21B, Up From Prior Year Due To Higher Net Average Pulp Price, And Higher Sales Volume
Portfolio Pulse from Benzinga Newsdesk
Suzano reported Q3 sales of $2.21 billion, an increase from the previous year due to higher net average pulp prices and increased sales volume. The company's net revenue was R$12,274 million, with 79% from exports. Revenue growth was driven by currency appreciation and sales volume, despite a decrease in pulp prices in USD.
October 24, 2024 | 9:34 pm
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Suzano's Q3 sales increased to $2.21 billion, driven by higher pulp prices and sales volume. The company's net revenue grew significantly due to currency appreciation and export strength.
Suzano's strong Q3 performance, with increased sales and revenue growth, is likely to positively impact its stock price. The appreciation of the USD against the BRL and higher sales volume contributed to this growth, despite a decrease in pulp prices in USD.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90