BRAZIL – Eucatex, one of Brazil’s largest panel manufacturers, with operations also in the paint and varnish, laminated flooring, wall partitions and doors segments, announces its results for the third quarter of 2016 (3Q16).
Total consolidated sales in the 3Q16 reached BRR 304.3 million, down 2.2% from BRR 311.0 million in 3Q15. Sales in the Company’s Wood segment, combining domestic and export markets, declined by 11.2% in 3Q16 compared to the same period last year, impacted by lower domestic sales. In the Wood Segment, sales decline lagged the decline in volumes, due to the substantial share of higher- value products in total sales, as well as higher prices.
Export Revenue increased 12.6% in 3Q16, reflecting the continued growth of this market. EBITDA amounted to BRR 47.6 million, down 10.6% from 3Q15. EBITDA margin reached 15.7%, compared to 17.1% in the same period last year. Net income in 3Q16 totaled BRR 8.8 million, growing 268.7% from 3Q15.
Eucatex Results July – September 3Q
BRR million
Source: Quarterly Report
Eucatex Results January – September
BRR million
Source: Quarterly Report
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