Braskem posts Recurring EBITDA of
US$205 million in the
quarter
SÃO PAULO, May 9, 2023
/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
1Q23 Earnings Release.
1Q23 HIGHLIGHTS
CONSOLIDATED
- Recurring EBITDA US$205 MM, about
R$1,063 million. Higher than 4Q22
(US$-32 MM) and lower than 1Q22
(US$920 MM).
- Liquidity US$2.8 bi, return on
cash flow of 32%1. Ensuring coverage of debt
maturities over the next 76 months.
- Net Income R$184 MM, about
US$35 million. Representing
R$0.53 per class ´´A´´ and class
´´B´´ preferred share.
- Liabilities 3.86x adjusted Net Debt/Recurring EBITDA
LTM2. Mantenance of adjusted Net Debt level in
U.S. dollar.
The full earnings release is available on the Company's IR
website: www.braskem-ri.com.br/home-en
Braskem will host conference calls to discuss its Results
TUESDAY, May 09 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 Considers the recurring generation of cash in
dollars in the last 12 months over the Company´s market
capitalization in the quarter.
2 Company Consider the Recurring EBITDA of the last 12
months, the Adjusted Net Debt with the hybrid bond and does not
include the debt of Braskem Idesa.
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SOURCE Braskem