Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23
19 Mars 2024 - 2:04PM
PR Newswire (US)
SÃO PAULO, March 19,
2024 /PRNewswire/ -- BRASKEM S.A. (B3:
BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin
producer in the Americas and the world's leading biopolymers
producer, presents its 4Q23 Earnings Release.
4Q23 HIGHLIGHTS
CONSOLIDATED
- Recurring EBITDA of US$ 211 MM,
around R$1,049 million. Higher than
3Q23 (+US$23 million) and 4Q22 (+US$243 million).
- Cash position of US$ 3.6
billion, ensuring coverage of debt maturities over the next
72 months.
- Cost reduction: Reduction of ~23% in general and administrative
expenses, compared to 4Q22. Approximately R$186 MM as a result of fixed cost reduction
initiatives.
- PE Production – Mexico:
Utilization Rate of 84%, +18 p.p. vs. 3Q23 and +15 p.p. vs. 4Q22.
Consistent feedstock supply.
The full earnings release is available on the Company's IR
website: www.braskem-ri.com.br/en
Braskem will host conference calls to discuss its Results
Tuesday, March 19 at 11:00 a.m. US ET.
Additional information may be obtained from the Investor
Relations Department at +55 11 3576-9531 or
braskem-ri@braskem.com.br.
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SOURCE Braskem S.A.
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