SAO PAULO, Feb. 7, 2013 /PRNewswire/ -- BRASKEM
S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK;
LATIBEX: XBRK) announces today its results for 4Q12 and 2012.
HIGHLIGHTS:
- Braskem's sales in 2012 were up 10%, while its market share
reached 70%, a 5 p.p. expansion on 2011.
- Crackers capacity utilization rate in 4Q12 stood at 82%,
reflecting the weaker global demand and the unscheduled shutdowns
due to problems related to the electricity supply. In 2012, the
capacity utilization rate was 89%, reflecting the improved
operational performance at crackers compared to 2011 (83%).
- EBITDA in 4Q12 was R$1,399
million or US$677 million,
positively affected by the R$516
million gain from the divestment of non-core assets. In
2012, EBITDA was R$3,958 million,
growing 6% from 2011.
- In 2012, Braskem started operations at its new PVC plant and
butadiene capacity expansion project.
- In December 2012, the
US$3.2 billion financing structure
for the integrated petrochemical complex in Mexico to produce polyethylene was concluded
with the support of a multinational pool of seven banks and credit
agencies.
- In the year, Braskem concluded the second phase of engineering
for the Comperj project. Work on the basic engineering projects for
the industrial units is expected to begin in 2013.
- In December 2012, Braskem
divested non-core assets in Brazil
and United States in the aggregate
amount of R$822 million, which led to
the recognition of a gain of R$516
million in last quarter.
- The Company obtained a US$200
million loan due in November
2022 from Nippon Export and Investment Insurance ("NEXI").
The loan will be disbursed in 1Q13 and the semiannual interest
payments are composed of currency variation, Libor + 1.1% p.a.
The full earnings release is available on the Company's IR
website: www.braskem.com.br/ir
Braskem will host conference calls to discuss its Results
TODAY, February 7, 2013, at
11:30 a.m. ET in English and
10:00 a.m. ET in Portuguese. See
connecting details on the Company's IR website.
For further information, contact Braskem's Investor Relations
Area:
Guilherme Melega,
+55-(11)-3576-9531, guilherme.melega@braskem.com
Roberta Pimphari Varella, +55-(11)-3576-9266,
roberta.varella@braskem.com
Susana Yamamoto, +55-(11)-3576-9970,
susana.yamamoto@braskem.com
Daniela Balle de Castro,
+55-(11)-3576-9615, daniela.castro@braskem.com
Pedro Gomes de Souza,
+55-(11)-3576-9010, pedro.gomes@braskem.com
