SUZANO:4Q24雷亚尔贬值影响较大 但新浆厂提前满产

中金公司
14 Feb

4Q24 净利润低于我们预期Suzano 公布4Q24 业绩:收入环比+16%至141.8 亿雷亚尔,高于我们和市场预期,主因纸浆销量高于预期、前期完成收购的美国包装纸业务早于预期实现并表;净利润录得亏损67.4 亿雷亚尔(vs 3Q24 净利润32.4 亿雷亚尔),主因雷亚尔超预期贬值导致汇兑损失明显增加。1)纸浆业务:4Q24 收入环比+14%至112 亿雷亚尔,其中销量环比+25%至...

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