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FSB ComunicaçõesNational: Paula Barcellos; Phone.:
+ 55 11 3165 9589; Carolina Botelho; Phone.:
+ 55 11 3165-9776; Erica Benute; Phone.:
+ 55 11 3165 9687
Pauta 6 ComunicaçãoEspirito Santo and Bahia: Rogéria Gomes; Phone.:
+ 55 27 3235 6996
ComunicasulRio Grande do Sul: Néia Olivèirà; Phone.:
+ 55 51 3024 5289
Performa ComunicaçãoInterior of São Paulo: Kamilla Barboza; Phone.:
+ 55 12 3939 2699
+ 55 12 9710 3194; Fernanda Turco; Phone.:
+ 55 12 3939 2699
+ 55 12 8158 4205; Mariana Strabon Zendron; Phone.:
+ 55 12 3939 2699
+ 55 12 9709 6341
Contexto MídiaMato Grosso do Sul: Luciane Mamoré; Phone.:
+55 67 3325 4113; Renato Lima; Phone.:
+55 67 3325 4113
+55 67 9245 7574

Modified on 02.03.2012

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Media | News

02.02.12 - Fibria closes 2011 with net revenue of R$5.85 billion and an EBITDA margin of 34%

The company’s operational performance brought record production and sales volumes, despite the difficult global scenario

São Paulo - Throughout 2011, Fibria followed its announced strategy of strengthening its operational performance and focusing on the pulp business. To this end, the company sold its paper business assets: CONPACEL, KSR and the Piracicaba Unit. In relation to 2010, Fibria’s latest results showed a decline, due to the 9.6% reduction in the average net pulp price denominated in reais and the exchange rate volatility seen during the period. The loss of revenue from the Piracicaba Unit (which was sold in September) was also reflected in the company’s figures.

With its focus on operating efficiency and productivity gains, the company attained record production and sales volumes in 2011, selling more than 99% of the 5.2 million tons of pulp that it produced. In the fourth quarter alone, sales amounted to 1.4 million tons – 12% higher than in the same period of 2010. The net revenue for the year amounted to R$5.85 billion, 7% less than in 2010. The pro-forma EBITDA (excluding the results of CONPACEL and KSR) came to R$1.96 billion, with a margin of 34%. The EBITDA in the fourth quarter was R$390 million.

The appreciation of the US dollar against the real, as from September, led to an increase in the company’s debt in reais, since 92% of the debt is denominated in foreign currency. However, this is merely an accounting effect, with no impact on the cash position, and the company’s exposure to the dollar debt is fully in line with the export-related protection strategy. The foreign exchange impact caused a net loss of R$1.9 billion in the fourth quarter and was the main reason for the net loss of R$868 million for the year.

Nevertheless, the company’s financial soundness in backed by a R$1.84 billion cash position as at December 31, 2011 – equivalent to 1.6 times the short-term debt, leaving no doubt as to the capacity to honor its commitments in 2012, which represent just 10% of the total debt. The average debt maturity at the end of 2011 was 73 months. The company’s net debt was down by 3% in comparison with the previous year, at R$9.48 billion. As a precautionary measure, in view of the prevailing uncertainty of the world macroeconomic scenario and consequent exchange rate volatility, in December Fibria renegotiated contractual covenants in relation to a portion of its bank debt, without incurring any additional interest.

During 2011, Fibria managed to fulfill, three years ahead of schedule, its goal of deriving roughly R$4.5 billion (at net present value) of synergies resulting from the founding of the company. Among the chief gains were the increased production arising from the implementing of best practices, the renegotiating of contracts with suppliers, and the optimized use of chemicals and energy, which along with other measures strengthened the company’s cost control and minimized the impact of inflation.

In 2012, Fibria is maintaining its focus on its Competitiveness Project, seeking to generate value, reduce costs and increase productivity. The gains in operating efficiency obtained last year through, among other things, the modernization of the pulp bleaching line at the Aracruz Unit’s Fiberline A and expanded use of the management model for leased areas, have helped to reduce the CAPEX for 2012, in relation to that of the previous year, thereby freeing up resources that can be used to amortize the company’s debt and strengthen its liquidity.

Sustainability

In 2011, for the third year running, the company has been selected for the BM&FBovespa Corporate Sustainability Index (ISE) and the Dow Jones Sustainability Index World – 2011/2012 portfolio – and is, for the second time, the only wood and paper sector company to be included in the BM&FBovespa Carbon Efficient Index (ICO2). Fibria’s inclusion in the aforementioned indexes is a clear reflection of the company’s strong commitment to sustainability and sound corporate governance.

.:. .:. .:.

10.27.11: Fibria concludes its strategic repositioning, focusing on its core business, pulp; São Paulo – The third quarter of 2011 was marked the conclusion of Fibria’s strategic repositioning exclusively in the core business of pulp and the forestry base. Despite macroeconomic challenges with the real’s depreciation against the dollar, the Company’s stable pulp production and sales in the period demonstrate the strength of the Company’s decision. The sale of its last paper asset, the Piracicaba Unit, to OJI Paper helped maintain the Company’s cash and liquidity position.; Read more +
09.09.11: Fibria has been selected for this year's Dow Jones Sustainability Index World; São Paulo - Fibria has been selected in the 2011/2012 Dow Jones Sustainability Index (DJSI World), a selection of the world's companies with the best corporate sustainability practices.; Read more +
07.27.11: Fibria’s income at R$215 million in 2Q11O; São Paulo – In 2Q11, Fibria’s net income reached R$215 million, 66% up the same period in 2010. The 13% dollar depreciation in the period caused the pulp price in reais to retreat 12%, which directly impacted Fibria’s net income, from R$1.6 billion in 2010 to R$1.4 billion in 2Q11. The decreased revenue was offset by the Company’s improved financial results, which rose from a R$310 million loss in 2010, when the dollar appreciated 1% to R$277 million gains at the end of 2Q11, due to the 4% dollar depreciation in the period. Net income for 1Q11 was directly benefited by the sale of CONPACEL and KSR’s assets.; Read more +
07.01.11: Marcelo Castelli assumes post of Fibria CEO; São Paulo – As of today, July 1^st, Fibria, the global leader in the production of bleached eucalyptus pulp, has a new Chief Executive Officer. Marcelo Castelli, who was the company’s director of Forestry, Paper, Strategy and Supplies, assumes the post previously held by Carlos Aguiar, who has headed the company since it was founded, on September 1, 2009. Aguiar will become a member of Fibria’s Board of Directors in 2012. In line with the best corporate governance practices, this process of succession was announced on March 3^rd of this year.; Read more +
05.19.11: Fibria presents its Sustainability Report 2010; Sao Paulo - Fibria’s Sustainability Report 2010 is now available at: www.fibria.com.br/rs2010. This document assembles the company’s results, in terms of economic, financial, corporate governance and socioenvironmental responsibility performance during the past year. The publication is the result of the work of more than one hundred professionals over a period of five months. According to Carlos Aguiar, Fibria’s CEO, “The report is our most important communication tool. It is here that we reaffirm our commitment to transparency, the best corporate governance practices and a close and open relationship with the communities in which we are inserted. It is here also that we render an account of the company’s contribution towards a sustainable society”.; Read more +
05.02.11: Fibria profits R$389 million in 1Q11; Sao Paulo - In the first quarter of 2011, Fibria posted net income of R$389 million, up 140% quarter-on-quarter, in large part due to the results of the sale of Conpacel and KSR. The proceeds from the sale, in the amount of R$1.5 billion, also contributed significantly to the reduction of the Company’s debt. Net debt at the end of March totaled R$7.959 billion, down 19% over 4Q10’s R$9.816 billion. As compared to the first quarter of last year, when net debt was R$10.856 billion, the decline was 27%. Pro-forma EBITDA for 1Q11 was R$607 million, stable quarter-on-quarter. Net debt/EBITDA continues to fall, reaching 2.9x, its lowest level since Fibria’s founding. A year ago, this indicator stood at 5.6x.; Read more +
03.02.11: Fibria announces CEO succession; São Paulo - Fibria announced today that it has initiated the process of succession to the position of CEO. Carlos Aguiar, who has been in the post since Fibria was founded, on September 1, 2009, will be succeeded by Marcelo Castelli, currently director of Forestry, Paper, Strategy and Supplies, who will take up his new post on July 1, 2011.; Read more +
12.21.10: Pioneering support from Fibria for the UN’s International Year of Forests; São Paulo - Fibria, the world’s leading producer of hardwood pulp, is the first Brazilian forestry sector company to join the campaign of the International Year of Forests, created by the United Nations (UN). The UN has given its approval for the company to use the seal on its materials, to help raise awareness of the importance of conservation of forests, the essence of Fibria’s business.; Read more +
12.02.10: Fibria included in the BM&FBovespa Carbon Efficient Index; São Paulo - This Thursday, Fibria was announced as one of the 42 publicly listed companies that will comprise the Carbon Efficient Index (ICO2), launched by the BM&FBOVESPA and the BNDES (Brazilian Development Bank). This indicator, set up with the aim of promoting the adoption of environmental management practices to combat climate change, is calculated on the basis of the free float (total number of issued shares trading in the market) and the GHG emission coefficient of the constituent companies.; Read more +
11.26.10: Três Lagoas Unit is recommended for the expansion of FSC certified area; São Paulo - Fibria’s Forestry Unit at Três Lagoas, Mato Grosso do Sul state, has just completed its audit procedures with IMAFLORA for the expansion of FSC (Forest Stewardship Council) areas established through partnership agreements, adding an extra 17,500 hectares to the 203,659 hectares already certified. The audit involved three days of field checks, including inspections in 19 farms and their respective documentation. Currently, the Três Lagoas Unit is ISO 9001 and 14001 certified and also holds CERFLOR/PEFC Forest management, FSC and FSC chain of custody, and CERFLOR/PEFC certifications.; Read more +
11.25.10: Fibria chosen once again for Bovespa Corporate Sustainability Index; São Paulo – For the second year running, Fibria has been selected for the Bovespa Corporate Sustainability Index (ISE). This indicator brings together companies listed at the São Paulo Stock Exchange that are heavily committed to the highest standards of corporate governance and sustainability.; Read more +
11.11.10: Fibria’s income increased 133% in the third quarter to R$303 million; São Paulo – Fibria closed the third quarter of 2010 with net income of R$303 million, up 133% quarter-on-quarter chiefly due to the impact of the real’s 6% appreciation against the dollar on its dollar-denominated debt. EBITDA in the quarter came to R$717 million, bringing the total for the first nine months of the year to R$2.1 billion, increasing 75% over the same period of 2009. EBITDA margin in 3Q10 was 40%, stable quarter-on-quarter and up 10 p.p. year-on-year.; Read more +
11.05.10: Fibria’s Sustainability Report is among the best in Brazil; Fibria’s Sustainability Report 2009 has been placed on the shortlist of the country’s best 29 such reports, according to the survey “Road to Credibility: a study of sustainability reports in Brazil”, released in São Paulo on October 28th. This publication is the result of a study carried out by the international consulting firm SustainAbility, in partnership with the FBDS (Brazilian Foundation for Sustainable Development).; Read more +
10.20.10: Fibria elected the most admired pulp and paper company in Brazil; For the second consecutive year, Fibria ranked first place in the Pulp and Paper industry in the survey "Most Admired Companies in Brazil", sponsored by CartaCapital magazine in partnership with Officina Sophia Consultants.; Read more +
09.22.10: New paper from Fibria; São Paulo – The IPT (Technological Research Institute) has just granted formal approval of Fibria’s new Termoscript KPR, a thermal paper for use in automated commercial equipment that provides greater image definition and duration, retaining the legible print for up to seven years.; Read more +; Fibria’s Piracicaba Unit gains CERFLOR seal of approval; Fibria’s Piracicaba Unit had completed the process of certification under the Brazilian Forest Certification Program (CERFLOR).; Read more +
09.17.10: Fibria invests in its Seedling Production Unit in Bahia; Today, September 17^th, Fibria laid the foundation stone for its Seedling Production Unit, located in Helvécia, a district in the municipality of Nova Viçosa (Bahia State). The total investment is expected to amount to around R$ 30 million and the forest nursery will be able to produce 30 million cloned eucalyptus seedlings a year. When operational, it will generate 250 jobs.; Read more +
09.10.10: Fibria has been selected as a Forestry and Paper sector leader and is one of just seven Brazilian companies that have been chosen for this year's Dow Jones Sustainability Index World; São Paulo – Fibria has been chosen for the 2010/2011 Dow Jones Sustainability Index (DJSI World), a selection of the world's companies with the best corporate sustainability practices.; Read more +
09.03.10: Fibria announces liberation of funds for indigenous communities in Aracruz (Espírito Santo State); The company will pass along R$ 1.8 million to be used to implement projects that contribute to the development of the indigenous communities; Read more +
09.01.10: Fibria completes its first year and is ready for expansion; São Paulo – Fibria, the company created by the merger between Aracruz and VCP and world leader in the production of market pulp, completes its first year on this date and is about to resume its planned expansion, in the light of the positive results obtained in the last 12 months.; Read more +
08.16.10: Fibria invests in forming the Três Lagoas forest base ahead of construction of a second industrial unit; São Paulo - Fibria has resumed its growth trajectory and announces new investment for the formation of a forest base, prior to the start up of Três Lagoas Unit II, in the state of Mato Grosso do Sul, which has been brought forward from 2016 to 2014, depending on market conditions.; Read more +
08.13.10: Fibria settles its derivatives debt, improves its EBITDA margin and benefits from synergy gains; São Paulo – Fibria closed the second quarter of 2010 with an EBITDA of R$ 730 million, an 87% increase in relation to that for the same period of 2009. The EBITDA rose by 14 percentage points, from 26% in the 2Q09 to 40% in the 2010, largely as a result of the higher net average pulp price. Fibria’s net operating revenue in the 2010 amounted to R$ 1.8 billion, 23% more than in the same period of 2009.; Read more +
07.29.10: Fibria launches a program of incentives for the planting of eucalyptus; Guaratinguetá - Today Fibria launches the Forest Savings Program, in the Paraíba Valley and the Bragantina region. This is a system of incentives and financing for the planting of eucalyptus, aimed at farmers who have rural properties in the vicinity of the company’s planted areas. The model, which is an innovative option in these regions, stimulates income generation and preservation of the environment. For rural producers, it represents the guaranteed purchase of their harvest.; Read more +
07.20.10: Adventure in the Mar de Dentro helps to build environmental awareness; Pelotas - A little girl from Porto Alegre is going to visit her grandmother in the south of the state, in a region known as the Mar de Dentro, together with her father and brother. On the journey she discovers a whole new world and has some adventures as she protects endangered creatures from hunters. Irene also makes a new friend, the little boy João, and is enchanted by nature as she comes across a variety of different animal species, such as the coypu or nutria. This story, Adventure in the Mar de Dentro, can be enjoyed in illustrated book format or heard on CD, which are being launched on Tuesday, July 20th. This is an initiative of the Brazilian Service for the Support of Small and Medium-Sized Enterprises in the state of Rio Grande do Sul (SEBRAE/RS) and is sponsored by Fibria and the Votorantim Institute, under the terms of the Ministry of Culture’s Rouanet Law.; Read more +
07.16.10: Fibria broadens its environmental management and focuses on suppliers; São Paulo – In São Paulo, this Friday, Fibria will hold the first of a series of events directed at the members of its pulp production chain. A total of 76 of the company’s principal suppliers will be participating in theoretical and practical activities aimed at aligning them with the principles of the Carbon Disclosure Project (CDP) Supply Chain.; Read more +
06.29.10: Fibria’s Piracicaba Unit wins award; Fibria’s Piracicaba Unit (SP) has just been awarded the 12^th Environmental Prize, in the company category, by COMDEMA (Piracicaba Municipal Council for Environmental Protection). The winning project is that of the NEA – Center for Environmental Education – which has been running for seven years now. The initiative was developed to provide orientation for the company’s internal public and was subsequently extended to include the local community and state school system. More than seven thousand children have already participated in the program.; Read more +
06.18.10: Fibria inaugurates an Odor Perception Network at Três Lagoas; Três Lagoas – This Saturday, Fibria is inaugurating an Odor Perception Network (RPO) at Papillon Eventos, situated at KM 1 of the BR 262 highway, in Três Lagoas. During the event, the General Manager of the Três Lagoas Unit, Renato Ottoni, will give an institutional presentation and Fibria’s Environment and Sustainability team, represented by Umberto Caldeira Cinque and Mayza Carla, will demonstrate the procedures developed for the processes of environmental monitoring in the industry.; Read more +; Temporary Shutdown at Fibria’s Três Lagoas Unit; São Paulo – Beginning on June 22nd and extending up to July 1st, Fibria’s Três Lagoas Unit (MS) will temporarily shut down for the purpose of carrying our preventive and corrective maintenance on the production line equipment, as well as implementing new projects.; Read more +
05.17.10: Fibria debuts on the Novo Mercado and closes the first quarter of 2010 with EBITDA of R$ 637 million, 69% higher than that of the same period of 2009; São Paulo – On May 20^th, Fibria will make its debut on the BM&FBovespa Novo Mercado, a special listing segment for companies demonstrating the highest standards of Corporate Governance.; Read more +
04.14.10: A sad announcement; It is with great sadness that Fibria announces the death of its employee Romário Silvestre Koch, aged 28, in São Paulo on Monday night (April 12^th).; Read more +
03.24.10: Fibria regrets incident followed by death in Bahia state; Fibria regrets to inform that an incident that occurred on March 17th on the company's land at a location called Nova Brasilia, municipality of Mucuri, in southern Bahia State (Brazil), led to the death of one of the persons involved.; Read more +
02.26.10: Fibria closes 2009 with net revenue of R$ 6 billion and record sales of 5.2 million tons of pulp; São Paulo – Fibria, the company formed by the merger of VCP - Votorantim Celulose e Papel S.A. and Aracruz Celulose S.A., ended the year 2009 with record sales of 5.25 million tons of pulp, 27% higher than the previous year’s volume.; Read more +

2009 News

12.22.09: The importance of planted forests at COP15; The Brazilian Pulp and Paper Association (Bracelpa) was part of the Brazilian delegation at the 15^th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 15), held in Copenhagen, Denmark, between December 7^th and 18^th 2009.; Read more +
11.26.09: Fibria is selected for the Bovespa Corporate Sustainability Index; Fibria has been chosen for the list of companies comprising the Bovespa Corporate Sustainability Index (ISE). This indicator brings together companies whose shares are listed at the São Paulo Stock Exchange and that demonstrate a high level of commitment to best practices in the areas of sustainability and corporate governance.; Read more +
11.24.09: Fibria is the only company from the forest products sector, and one of just seven Brazilian companies that have been chosen for this year’s Dow Jones Global Sustainability Index; Fibria has been included in the 2009/2010 Dow Jones Sustainability Index (DJSI World), a selection of the world’s companies with the best corporate sustainability practices; Read more +
10.08.09: Fibria concludes sales agreement of Guaíba Unit; US$1.43 billion transaction strengthens resume of growth of world leader in market pulp; Read more +
09.01.09: Fibria, a newborn global leader in market pulp; The new company resulting from the acquisition of Aracruz by VCP brings together 15,000 professionals and has an annual production capacity of over 6 million tons of pulp and paper.; Read more +

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