Suzano Invests R$18.6 Billion in 2023
Suzano S.A. American Depositary Shares (each representing One Ordinary Share) (SUZ)
Company Research
Source: Business Wire
SÃO PAULO--(BUSINESS WIRE)--Suzano, the world’s largest pulp producer, announces its financial statements for the full fiscal year of 2023.Total investment of R$18.6 billion in 2023, a 14% increase on FY22FY23 Net revenues of R$39.8 billion, a 20% decrease on FY22FY23 Adjusted EBITDA of R$18.3 billion, a 35% decrease on FY22FY23 Operating cash generation of R$11.6 billion, a 49% decrease on FY22FY23 Pulp sales totalled 10.2 million tons, a 4% decrease on FY22FY23 Paper sales totalled 1.3 million tons, a 1% decrease on FY22Despite the marked decline in global pulp prices over the course of 2023, Suzano has invested over R$18bn to guarantee its future success. It is currently finalising the construction of the Cerrado Project, the world’s largest single-line pulp mill, and has expanded its forestry estate, safeguarding supply and enhancing future competitiveness.Walter Schalka, CEO of Suzano, said:“Our investment cycle, including the highest annual investment ever, in 2023, represen
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News
- Suzano 2023 annual report on Form 20-FBusiness Wire
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- All You Need to Know About Suzano (SUZ) Rating Upgrade to Strong Buy [Yahoo! Finance]Yahoo! Finance
SUZ
Earnings
- 8/3/23 - Beat
SUZ
Sec Filings
- 4/26/24 - Form 20-F
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- SUZ's page on the SEC website