BRASIL – On August 3rd Duratex announced its financial results for the second quarter of 2017. The company posted net revenue of BRR 916.7 million, of which BRR 160.2 million (17.5%) came from the foreign markets, through exports and the operations of Duratex Colombia. 

The EBITDA margin – that is, the profit generated before interest, taxes, depreciation and amortization – was 19.4%.

“We are showing an evolution in relation to profitability. In the quarter, recurring net income was BRR 24.8 million and, in the first half of 2017, we totalled BRR 15.5 million”, said Henrique Haddad, Duratex Administration, Finance and Investor Relations Director.

The period was also marked by a positive evolution of the consolidated gross margin, which stood at 27.1% (against 26.8% in the first quarter of 2017). The result of the price adjustment applied by the Deca and Wood divisions, combined with the improvement of the Deca product mix and the initiatives that make up the Duratex Management System (SGD), such as increased productivity, cost reduction and cash flow optimization. “Even in an adverse market scenario, our strategic positioning and improvement actions are ensuring an important evolution of our business,” adds Haddad.

 

Duratex Results April-June 2Q

Thousand BRR

 

Duratex Results January-June

Thousand BRR