SÃO PAULO, Aug. 4, 2016
/PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5
and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results
for 2Q16.
HIGHLIGHTS:
Brazil:
- Demand for resins (PE, PP and PVC) was 1.2 million tons in
2Q16, growing 3% from 1Q16. In the period, the Company's market
share expanded 3 p.p., with total sales increasing 8% to 846 kton,
surpassing the domestic market growth in the period.
- Resin exports from Brazil
increased 21% from 2Q15, to 454 kton. Compared to 1Q16, resin
exports grew by 9%. Exports of basic petrochemicals amounted to 379
kton, increasing 6% from the volume in 2Q15, mainly due to higher
gasoline exports.
- Braskem's crackers operated at an average capacity utilization
rate of 94% in 2Q16, up 1 p.p. from the same period last year and 5
p.p. higher than in 1Q16, highlighting the production from the
gas-based cracker in Rio de
Janeiro.
- In 2Q16, the units in Brazil,
including exports, posted EBITDA of R$2,293
million, accounting for 75.3% of the Company's consolidated
EBITDA.
United States, Europe and Mexico:
- In the USA and Europe unit, the PP plants operated at an
average capacity utilization rate of 103% in 2Q16. Production at
the units in the United States and
Europe amounted to 513 kton in
2Q16, growing 2% from 2Q15. Sales amounted to 504 kton, growing 2%
from 2Q15.
- USA and Europe unit posted EBITDA of US$212 million (R$745
million), accounting for 24.5% of consolidated EBITDA. In
the same period a year earlier, the segment accounted for 8% of
consolidated EBITDA.
- With a more significant production volume, inventory building
and the launch of sales, in 2Q16 the petrochemical complex in
Mexico delivered its first
operating results and become a reportable segment of the
Company.
Braskem - Consolidated :
- In Brazilian real, EBITDA increased 15% compared to 2Q15, to
R$3,011 million.
- In April, Braskem paid R$1
billion in dividends (32% of 2015 net income).
- Corporate leverage in U.S. dollar, stood at 1.79 times, down
21% from the same period in 2015.
The full earnings release is available on the Company's IR
website: www.braskem.com.br/ir
Braskem will host conference calls to discuss its Results
TOMORROW, August 5, at 1:30 p.m. US ET. See connecting details on the
Company's IR website.
For further information, contact Braskem's Investor Relations
Area:
braskem-ri@braskem.com.br, (+55 11) 3576-9531.
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SOURCE BRASKEM S.A.