SAO PAULO, May 4 /PRNewswire-FirstCall/ -- Suzano Papel e Celulose (Bovespa: SUZB5), one of the largest integrated pulp and paper producers in Latin America, announces today its consolidated results for the first quarter of 2009 (1Q09).

Quarterly highlights include record sales volume and higher average domestic prices for paper.

Main Highlights of the Quarter

- Production of 647 thousand tons of paper and market pulp, a decrease of 1.1% in comparison to 4Q08 and an increase of 2.1% in relation to 1Q08.

- Record sales volume of 654 thousand tons: 421 thousand tons of pulp and 233 thousand tons of paper.

    - Higher average domestic prices for paper.
    - Net revenue of R$ 943 million.
    - Pulp cash cost: R$ 427/ton at Mucuri, excluding downtime costs.
    - Administrative and selling expenses 27% lower than 4Q08.

- EBITDA of R$ 316 million, with EBITDA margin of 33.5%. Negative impact from non-recurring items of R$ 2 million.

- Net income of R$ 90 million.

- Net debt/EBITDA ratio: 3.7 in March 2009.

- Cash and cash equivalents: R$ 2.1 billion on March 31, 2009 and gross debt reduction of R$ 157.6 million in the quarter.

- Hardwood pulp inventories held by producers of 47 days of production in March 2009, compared to 53 days in February 2009.

- Alexandre Yambanis appointed as Pulp Business Unit Executive Officer on January 26, 2009.

SOURCE Suzano Papel e Celulose

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