Braskem announces 4Q12 and 2012 Results
SAO PAULO, Feb. 7, 2013
SAO PAULO, Feb. 7, 2013 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3,
BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for
4Q12 and 2012.
*Braskem's sales in 2012 were up 10%, while its market share reached 70%, a
5 p.p. expansion on 2011.
*Crackers capacity utilization rate in 4Q12 stood at 82%, reflecting the
weaker global demand and the unscheduled shutdowns due to problems related
to the electricity supply. In 2012, the capacity utilization rate was 89%,
reflecting the improved operational performance at crackers compared to
*EBITDA in 4Q12 was R$1,399 million or US$677 million, positively affected
by the R$516 million gain from the divestment of non-core assets. In 2012,
EBITDA was R$3,958 million, growing 6% from 2011.
*In 2012, Braskem started operations at its new PVC plant and butadiene
capacity expansion project.
*In December 2012, the US$3.2 billion financing structure for the
integrated petrochemical complex in Mexico to produce polyethylene was
concluded with the support of a multinational pool of seven banks and
*In the year, Braskem concluded the second phase of engineering for the
Comperj project. Work on the basic engineering projects for the industrial
units is expected to begin in 2013.
*In December 2012, Braskem divested non-core assets in Brazil and United
States in the aggregate amount of R$822 million, which led to the
recognition of a gain of R$516 million in last quarter.
*The Company obtained a US$200 million loan due in November 2022 from
Nippon Export and Investment Insurance ("NEXI"). The loan will be
disbursed in 1Q13 and the semiannual interest payments are composed of
currency variation, Libor + 1.1% p.a.
The full earnings release is available on the Company's IR website:
Braskem will host conference calls to discuss its Results TODAY , February 7,
2013, at 11:30 a.m. ET in English and 10:00 a.m. ET in Portuguese. See
connecting details on the Company's IR website.
For further information, contact Braskem's Investor Relations Area:
Guilherme Melega, +55-(11)-3576-9531, firstname.lastname@example.org Roberta
Pimphari Varella, +55-(11)-3576-9266, email@example.com Susana
Yamamoto, +55-(11)-3576-9970, firstname.lastname@example.org Daniela Balle de
Castro, +55-(11)-3576-9615, email@example.com Pedro Gomes de Souza,
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