Klabin reported net income of BRL 1.050 billion in the fourth quarter of 2021, down 21% from a year earlier and 14% from the immediately previous quarter.
The result measured by adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) was R$ 1.88 billion in the period, up 44% compared to the previous year.
The company’s net revenue grew 39% compared to the fourth quarter of 2020, even with the sales volume having a positive variation of only 1%.
“The strong demand combined with the positive impact of the devaluation of the real against the dollar and the price adjustments in all businesses led to strong growth in net revenue in the fourth quarter of the year,” said Klabin.
Leverage measured by the net debt/Ebitda ratio fell to 2.9 times in US dollars, from 4 times a year earlier and 3.1 times in the immediately preceding quarter, due to the increase in Ebitda.
Source: CNN Brasil
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