Eucatex announces 3Q11 results

BRAZIL (Notifix).- Eucatex, one of Brazil's largest fiberboard manufacturers, with operations also in the segments of paint and varnish, laminate flooring, partitions and doors, announces its results for the third quarter of 2011 (3Q11). In 3Q11, flooring sales volume was up 14.6%, while paint sales volume grew 11.1%. Sales of laminate flooring were also quite impressive in the year, growing 12%, well above the market average. Fiberboard sales in the quarter, all types considered, grew 13.2% over 3Q10. Gross revenue in the quarter increased 17% from 3Q10, for a total of R$290.4 million. The wood segment grew 16.4% in 3Q11 over 3Q10 and 17.7% in 9M11 over 9M10, partly due to revenues from the new T-HDF/MDF line. Net income in 3Q11 was R$10.6 million and was affected by the depreciation of the Real, which led to a negative financial result of R$20 million.

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