Brazil’s tissue producer Santher posts third quarter revenue improvement of 7.5%

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Brazil’s tissue producer Santher posts third quarter revenue improvement of 7.5%

December 04, 2013 - 13:21
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SAO PAULO, Nov. 25, 2013 (RISI) - Brazilian tissue paper producer Santher's financial results for the third quarter of 2013 showed revenues 7.5% higher over the same period of 2012, at Real 304 million ($130.9 million). The company's EBITDA also boosted 37.6% to Real 35.5 million. The improved results, alongside an 8.6% decrease in net debt to Real 450.6 million, took the company's leverage (net debt/EBITDA ratio) down to 3.7x.

During the first nine months of the year, Santher's revenues hit Real 867.7 million, a 12% increase over results posted for the same period of 2012. These results, according to the company, are mainly due to increased sales volume and higher average prices, which in turn were influenced by both individual price increases and the sale of products with greater added value.