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Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release.

4Q23 HIGHLIGHTS

CONSOLIDATED

  • Recurring EBITDA of US$ 211 MM, around R$1,049 million. Higher than 3Q23 (+US$23 million) and 4Q22 (+US$243 million).

  • Cash position of US$ 3.6 billion, ensuring coverage of debt maturities over the next 72 months.

  • Cost reduction: Reduction of ~23% in general and administrative expenses, compared to 4Q22. Approximately R$186 MM as a result of fixed cost reduction initiatives.

  • PE Production Mexico: Utilization Rate of 84%, +18 p.p. vs. 3Q23 and +15 p.p. vs. 4Q22. Consistent feedstock supply.

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The full earnings release is available on the Company's IR website: www.braskem-ri.com.br/en

Braskem will host conference calls to discuss its Results Tuesday, March 19 at 11:00 a.m. US ET.

Additional information may be obtained from the Investor Relations Department at +55 11 3576-9531 or braskem-ri@braskem.com.br.

 

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View original content:https://www.prnewswire.com/news-releases/braskem-posts-recurring-ebitda-of-us211-million-in-the-quarter-up-13-from-3q23-302093002.html

SOURCE Braskem S.A.