Braskem announces 2Q17 Results
August 15 2017 - 11:15PM
PR Newswire (US)
SÃO PAULO, Aug. 15, 2017
/PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5
and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results
for 2Q17.
HIGHLIGHTS:
Braskem - Consolidated:
- EBITDA: US$945 million
(R$3,029million), advancing 10% on
2Q16;
- Net income of R$1,142 million in
the Consolidated and R$1,089 million
in the Parent Company. YTD, consolidated net income amounted to
R$3,056 million, while net income
attributable to shareholders came to R$2,897million;
- Financial leverage in U.S. dollar stood at 1.63x or 1.85
including the financial penalty under the Global Settlement.;
- In compliance with the Global Settlement, Braskem paid a
financial penalty equivalent to R$607
million, of which US$65
million was to the U.S. SEC in April, CFH30 million to the
Swiss Office of the Attorney General in June;
Brazil:
- Crackers operated at an average capacity utilization rate of
93%, down 2p.p. from 1Q17 and 1 p.p. from 2Q16;
- Demand for resins (PE, PP and PVC) came to 1.3 million tons,
growing 2% from 1Q17;
- Sales in the Brazilian market: 844 thousand tons, 2% and 4% up
on 1Q17 and 2Q16, respectively;
- Resin production in 2Q17 reached 1.2 million tons;
- Resin exports stood at 367 kton, 12% and 19% lower than 1Q17
and 2Q16;
- YTD EBITDA of R$4,793 million,
accounting for 71% of the Company's consolidated EBITDA from all
segments;
United States and
Europe:
- As from 2Q17, the annual capacity of units in Europe reached 625 kta, an increase of 80
kta;
- Capacity utilization rate of PP plants: 95%, 6 p.p. and 8 p.p.
down from 1Q17 and 2Q16, respectively;
- Sales: 516 kton, decreasing 3% from 1Q17 and increasing 2%,
from 2Q16;
- YTD EBITDA: US$308 million
(R$977 million), 14% of the Company's
consolidated EBITDA from all segments.
Mexico:
- PE plants average capacity utilization rate of 83%, 14 p.p.
lower than 1Q17; due to operational adjustments and punctual
adjustments in the Ethane Supply;
- PE Production: 217 thousand tons, 13% lower than 1Q17;
- YTD Sales: , 503 kton, 50% sold in the Mexican market;
- YTD EBITDA: US$312 million
(R$992million), representing 15% of
the Company's consolidated segments.
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 16, at 01:30 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
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