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Two Blokes Fri at 5:15 PM -
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Suzano faced cash cost pressures from maintenance downtime, but Cerrado volumes and favorable supply effects helped defend against declining pulp prices. Key highlights include a 6% net debt decline on a quarterly basis which demonstrates the fast deleveraging rate. Higher wood and logistics costs impacted margins in addition to downtime, but some a positive vector to pulp cash costs will be inevitable with the end of latest maintenance.