JP Morgan upgraded Suzano S.A. from Neutral to Overweight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/20/2024 | Underweight → Equal-Weight | Morgan Stanley | |
| 10/24/2022 | Neutral → Overweight | JP Morgan |
SC 13G/A - Suzano S.A. (0000909327) (Subject)
SC 13G/A - Suzano S.A. (0000909327) (Subject)
SC 13G/A - Suzano S.A. (0000909327) (Subject)
Suzano, the world's largest pulp producer, announces its quarterly results for both the final quarter (4Q24) and the full year (2024). Pulp and paper sales reached a new record of 12.3 million tonnes, rising 7% on 2023, mainly driven by the additional capacity from the new pulp mill in Ribas do Rio Pardo in Mato Grosso do Sul state. Further capacity from the recent acquisition of paperboard mills in the United States has also contributed to the record sales volume. The higher sales volumes and favorable exchange rates boosting export revenues resulted in net revenues of R$47.4 billion in 2024, 19% higher than in 2023. Adjusted EBITDA grew 31%, to R$23.8 billion, while operational cash gen
Suzano, the world's largest pulp producer, announces its third quarter results for 2024 (3Q24) with operating cash generation reaching R$4.4 billion, up 132% on the same period last year. Adjusted EBITDA totaled R$6.5 billion, a 77% increase over 3Q23. Net revenue reached R$12.3 billion, the highest quarterly performance since 2022, and a rise of 37% on the same quarter last year. The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favorable contribution from exchange rates. Pulp sales totaled 2.6 million tonnes, a rise of 6% on the same period last year. Paper sales reached 360,000 tonnes in the third
Suzano, the world's largest pulp producer, today completes the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, United States. All conditions for completing the agreement announced in July have been fulfilled. The acquisition of the mills in Pine Bluff and Waynesville, that manufacture liquid packaging board and cupstock, adds approximately 420,000 metric tonnes annually of integrated paperboard to Suzano's production capacity. The Brazilian company will now become a major supplier of papers used to produce Liquid Packaging Board in North America. Fabio Almeida, Executive Vice President of Paper and Packaging at Suzano and CEO of Suzano Packaging
Suzano, the world's largest pulp producer, announces its third quarter results for 2024 (3Q24) with operating cash generation reaching R$4.4 billion, up 132% on the same period last year. Adjusted EBITDA totaled R$6.5 billion, a 77% increase over 3Q23. Net revenue reached R$12.3 billion, the highest quarterly performance since 2022, and a rise of 37% on the same quarter last year. The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favorable contribution from exchange rates. Pulp sales totaled 2.6 million tonnes, a rise of 6% on the same period last year. Paper sales reached 360,000 tonnes in the third
Suzano, the world's largest pulp producer, announces its financial results for the second quarter of 2024 (2Q24). Adjusted EBITDA totaled R$6.3 billion, a 60% increase on 2Q23, reflecting higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs compared to the same period last year. Operating cash generation totaled R$4.5 billion, the strongest quarterly result since 1Q23, and net revenue came to R$11.5 billion, the strongest quarterly result since 4Q22. Pulp sales reached 2.5 million tonnes, while paper sales totaled 333,000 tonnes. The cash cost of pulp production, excluding downtime, was R$828 per tonne. Suzano reported a net loss of R$3.8 billion
Suzano, the world's largest pulp producer, has announced the acquisition of industrial assets from Pactiv Evergreen in the United States. This will expand the company's operations in North America and marks its entrance into the consumer and food service packaging segments in the region. The transaction is valued at US$110 million and includes two mills in Pine Bluff, Arkansas, and Waynesville, North Carolina, that manufacture liquid packaging board and cupstock. Subject to final regulatory approval expected later this year, these assets will add approximately 420,000 metric tonnes annually of integrated paperboard to Suzano's production capacity. Alongside the acquisition, Suzano has sig
6-K - Suzano S.A. (0000909327) (Filer)
6-K - Suzano S.A. (0000909327) (Filer)
6-K - Suzano S.A. (0000909327) (Filer)
Morgan Stanley upgraded Suzano S.A. from Underweight to Equal-Weight
JP Morgan upgraded Suzano S.A. from Neutral to Overweight