Suzano S.A. Reports Record Production and Revenue Growth in 2024 Amid Strategic Expansion

Suzano S.A. Achieves Record Production and Revenue in 2024

Suzano S.A., the world's largest pulp producer, reports remarkable achievements in its production and financial performance for 2024. The company reaches a record output of 12.3 million tonnes of pulp and paper, representing a 7% increase compared to the previous year. This growth is significantly attributed to the operationalization of the new pulp mill in Ribas do Rio Pardo, Mato Grosso do Sul, which enhances Suzano's production capabilities. Additionally, the acquisition of U.S. paperboard mills strengthens the company’s market presence and allows it to better meet the rising global demand for pulp and paper products.

This expansion reflects Suzano's strategic approach to capitalizing on market opportunities through disciplined investments. The company's net revenues surge to R$47.4 billion, marking a 19% increase, while its adjusted EBITDA climbs 31% to R$23.8 billion. Operational cash generation also sees a substantial boost, rising by 40% to R$16.2 billion. Despite reporting a net loss of R$6.7 billion, primarily due to accounting adjustments related to U.S. dollar-denominated debt, Suzano maintains a solid financial foundation. The firm showcases its commitment to innovation and operational efficiency, with production costs decreasing to R$828 per tonne, a 6% reduction from 2023.

In light of its centenary year, Suzano outlines ambitious plans for sustainability, committing to invest up to US$100 million over the next decade. The company partners with prestigious institutions like the University of Cambridge and the International Union for Conservation of Nature (IUCN) to enhance global conservation efforts. As it continues to optimize its production capabilities and focus on sustainable practices, Suzano positions itself as a leader in the pulp and paper industry, ready to tackle future challenges while contributing to environmental stewardship.

In addition to its operational successes, Suzano demonstrates financial prudence through a strategic share buyback program worth R$2.8 billion and the distribution of R$1.5 billion in interest on equity to shareholders. The company's net leverage decreases from 3.1 times in December 2023 to 2.9 times by year-end 2024, highlighting its disciplined capital allocation and financial management. With a workforce of 56,000 employees, Suzano's commitment to operational excellence and sustainability not only enhances its market position but also contributes to economic growth and job creation.