BRAZIL - Duratex sales totaled BRL 967m in the third quarter 2016 with BRL 94 million stemming from the Colombian subsidiary, Tablemac.
This sales result represented a 4.5% drop in relation to Q2, and a 4.2% drop year to date versus the same period last year.
Year-to-date, international sales are the standout performance, with an expansion of 27% by Tablemac compared to the same period in 2015, and of 37% in exports, which has contributed to a greater dilution of fixed costs and expenses. Income originating externally totaled 17.8% of Duratex’s total net income for the quarter and 19.5% year-to-date, with 9.8% originating from the Colombian operation and 8.0% from exports generated in Brazil.
The adjusted and recurring Ebitda totaled BRL 185.9m for the quarter, the equivalent to an increase of 8.3% versus the previous quarter. The price increase initiatives introduced during the first semester, associated with a rigid program of cost and expenses control, are improving the generation of working capital for Duratex.
Duratex Results July - September 3Q
BRR million
Source: Quarterly Report
Duratex Results January - September
BRR million
Source: Quarterly Report
