EUCATEX released strong results for 2Q11
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BRAZIL (Notifix).- Brazilian board manufacturer reached net revenue of R$ 227.0 million in 2Q11, up 14.7% over 2Q10. On the other hand gross margin of 30.4% in 2Q11 was stable with respect to the same period in 2010. EBITDA of R$ 48.4 million in 2Q11 against R $ 32.7 million in 2Q10, an increase of 48.0% and EBITDA margin of 21.3% in 2Q11 from 16.5% in 2Q10, up 4.8 percentage points. During the period the new line T-HDF/MDF promises a huge potential to contribute to the operating results, since its shipments in the six-month period represented only 46% of installed capacity.