Suzano S.A.Short
Pulp Market Facing Challenging Scenario in Prices and Demand
Comments on Business
KPI Driving Revenue and Earnings
Catalysts
Bad earnings should be a catalyst for the stock price to decline.
Trade Structure
Entry: 10.71
Target: 9.29
Stop: 12.12
- Decrease in demand for printing and writing in Brazil.
- Decline in pulp prices and appreciation of the BRL were the main factors reducing adjusted EBITDA.
- Increase in expenses.
- Decline in pulp sales even with higher demand in China.
KPI Driving Revenue and Earnings
- Pulp sales volume and revenue -6% vs. 2Q22.
- Paper sales -9% vs. 2Q22.
- 2Q23 Adjusted EBITDA -38% YoY.
Catalysts
Bad earnings should be a catalyst for the stock price to decline.
Trade Structure
Entry: 10.71
Target: 9.29
Stop: 12.12
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