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Suzano has announced its results for the 1Q 2018, with operating cash generation of R$1.3 billion ($361 million). In the period from April 2017 to March 2018 (last 12 months), operating cash generation amounted to R$4.2 billion ($1.2 billion), which is an unprecedented mark in its 94‑year history.
The company ended the quarter with net income of R$813 million ($226 million), compared to R$450 million ($125 million) in 1Q 2017.Adjusted EBITDA in the 1Q 2018 came to R$1.5 billion ($416 million), advancing 80.4% on the same period of last year. This was the highest Adjusted EBITDA ever reported in the 1Q.
“The 1Q results reflect our constant concern with continually improving, gaining competitiveness and reinforcing our solid financial position,” said Walter Schalka, CEO of Suzano Pulp & Paper.