Braskem announces 2Q14 Results

                        Braskem announces 2Q14 Results  PR Newswire  SAO PAULO, Aug. 7, 2014  SAO PAULO, Aug. 7, 2014 /PRNewswire/ --Braskem S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 2Q14.  HIGHLIGHTS:  The average cracker utilization rate stood at 84%, decreasing 1 p.p. from 1Q14, due to the scheduled maintenance shutdown in one of the lines at the Triunfo site and by the lower feedstock supply to the Rio de Janeiro complex.    oBraskem's sales followed the market slowdown and reached 879 kton.     Compared to 2Q13, the market dropped by 8% and the Company's sales 7%.   oSales of PP in the USA and Europe business unit reached 479 kton, up 4%     and 3% from 1Q14 and 2Q13, respectively, reflecting the recovery of local     markets, especially in the automotive and retail sectors in the United     States.   oIn 2Q14, Braskem recorded EBITDA of R$1,130 million, 17% lower than the     1Q14 recurring EBITDA, influenced by the sale mix, reduction of     petrochemical spreads in international markets and the Brazilian real     appreciation. Compared to 2Q13, EBITDA grew by 6%, driven by resins     spreads recovery and the Brazilian real depreciation. In U.S. dollar,     EBITDA in 2Q14 amounted to US$507 million.   oThe Company's leverage stood at 2.73x, in line with 1Q14. In Brazilian     real, the leverage ratio stood at 2.62x, decreasing 3%.   oThe construction of the Mexico project reached 75% completion and     equipment assembly of large pieces, such as the ethylene tower, was     concluded.   oIn line to its commitment to develop the Brazilian plastics chain, Braskem     continued to make progress on the Plastics Chain Competitiveness Incentive     Plan and participated in the Agrishow fair, one of the largest     agribusiness trade fairs, in order to approach the sector to the latest     innovations in plastics.   oBraskem announced a project to produce Ultra-High Molecular Weight     Polyethylene (UTEC), a 100% Brazilian technology resin with applications     in a wide range of industries at its unit in La Porte, Texas (USA).   oBraskem figured among the 15 Dream Companies ("Empresa dos Sonhos") to     work at according to young professionals in Brazil, in a survey involving     undergraduate college students and recent graduates.  The full earnings release is available on the Company's IR website: www.braskem.com.br/ir  Braskem will host conference calls to discuss its Results on Friday, August 8, 2014, at 01:30 p.m. ET in English and 12:00 p.m. ET in Portuguese. See connecting details on the Company's IR website.  For further information, contact Braskem's Investor Relations Area:  braskem-ri@braskem.com.br, (+55 11) 3576-9531.  SOURCE Braskem S.A.  Website: http://www.braskem.com.br/ir  
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