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Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23

Published: 2024-05-09 05:45:00 ET

SÃO PAULO, May 9, 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 1Q24 Earnings Release.

1Q24 HIGHLIGHTS

CONSOLIDATED

Recurring EBITDA of US$230 million, around R$1,140 million, higher than 4Q23 (+9%) and 1Q23 (+12%).
Cash position of US$3.3 billion, ensuring coverage of debt maturities over the next 69 months.
Operating Cash Generation¹ of US$196 million, around R$972 million, higher than 4Q23 (+US$129 MM) and 1Q23 (+US$254 MM).
Green PE Production: utilization Rate of 98%, +36 p.p. vs. 4Q23 and +89 p.p. vs. 1Q23. Normalization of green ethylene supply after restrictions in 4Q23 due to the climate conditions.

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 Thursday, May 9 at 10:00 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.

1 Operating Cash Generation (=) Recurring EBITDA (-) Operational CAPEX (-) Strategic Investments (+/-) Changes in Working Capital.

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SOURCE Braskem

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.