Braskem Announces 3Q13 Results
SAO PAULO, Nov. 7, 2013
SAO PAULO, Nov. 7, 2013 /PRNewswire/ -- Braskem S.A. (BM&FBOVESPA: BRKM3,
BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for
*In 3Q13, the average capacity utilization of Braskem's crackers stood at
92%, down 2 p.p. from 2Q13, explained by the unscheduled shutdown due to
the power outage in August.
*Braskem's sales amounted to 898 kton, with its market share expanding 2
p.p. to 68%.
*EBITDA in 3Q13 reached R$1,650 million, driven by the stability in spreads
in the international market, the improvement in the contribution margin
and the 11% depreciation in the Brazilian real against the U.S. dollar. In
U.S. dollar, EBITDA amounted to US$720 million.
*Braskem, in partnership with the manufacturing industry and aiming to
improve the competitiveness of its clients and Brazil's plastics chain,
launched the Plastics Chain Competitiveness Incentive Plan (PIC). The plan
includes initiatives that range from promoting exports of manufactured
products, supporting improvements in competitiveness and innovation and
strengthening the advantages of plastics.
*Braskem announced the execution of a memorandum of understanding (MoU)
with Styrolution to assess the possibility of forming a joint venture in
Brazil in order to analyze the economic feasibility of installing a plant
with annual production capacity of 100 kton of styrenics specialties and
the copolymers acrylonitrile butadiene styrene (ABS) and styrene
*Braskem will invest approximately R$50 million to expand and convert one
of its polyethylene production lines in Bahia to produce metallocene-based
*Construction on the new petrochemical complex in Mexico (Ethylene XXI)
continues to advance, with the project reaching 48.4% completion.
*Braskem's leverage reached 2.73x in U.S. dollar. This 9% reduction in
relation to 2Q13 was positively affected by the improvement in operating
performance in the period.
*Braskem lengthened the maturity of R$1,015 million in Export Credit Notes
from 2014/2015 to 2021.
The full earnings release is available on the Company's IR website:
Braskem will host conference calls to discuss its Results on Friday , November
8, 2013, at 9:00 a.m. ET in English and 7:00 a.m. ET in Portuguese. See
connecting details on the Company's IR website.
For further information, contact Braskem's Investor Relations Area:
email@example.com , +55-11-3576-9531.
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