CHILE – As of September 2024, Masisa reported sales revenue of USD 221.6 million, a 4.7% decrease compared to the same period last year. This drop was primarily due to significant pricing pressures in its operating markets.

However, sales volume in cubic meters for the Boards and Derivatives segment grew by 16.3%, mainly driven by a 31.4% increase in moulding sales, with most exports directed to North America.

EBITDA for the year reached USD 12.0 million, with USD 3.0 million generated in the third quarter. While sales volumes continued to recover, particularly in the North American market, EBITDA was significantly affected by pricing and logistical cost pressures.

Selling prices remained low due to the ongoing macroeconomic situation, and non-recurring costs from port strikes led to higher logistics expenses, which will be passed on to customers in upcoming quarters.

At the bottom line, the company recorded a loss of USD 15.6 million as of September 2024, mainly due to weak operational performance and non-recurring costs (USD 6.0 million) related to the sale of the Chihuahua plant in Mexico.