Earnings up at Suzano

SAO PAULO - Suzano, the world’s largest pulp producer has reported a 60% increase in EBITDA for its second quarter, boosted by higher pulp prices and increased sales volume.

Reporting an adjusted EBITDA of R$6.3 billion and net revenue of R$11.5 billion, the strongest quarterly results since the fourth quarter of 2022, Suzano said it was also helped by favourable exchange rates and reduced production costs compared to the same period last year.