SÃO PAULO, May 15, 2019 /PRNewswire/ -- Eucatex (B3: EUCA3 and EUCA4), one of the largest manufacturers of panels in Brazil, with operations also in the paint and varnish, laminated flooring, partitions and doors segments, announces today its results for the first quarter of 2019 (1Q19).
Total Net Revenue reached R$356.6 million in 1Q19, compared to R$303.9 million in 1Q18 (+17.3%) mainly driven by its Operating Segments: Wood and Paints, which grew 18.8% and 10.3%, respectively, in the quarter.
In 1Q19, Recurring EBITDA amounted to R$66.6 million, increasing 29.3% from the same period in 2018, with Recurring EBITDA Margin of 18.7%, compared to 17.0% in 1Q18.
Sales in the Company's Wood segment, considering both domestic and export markets, increased by 12.1% in 1Q19 compared to the same period last year, supported by the 14.5% growth in domestic sales.
Recurring net income amounted to R$17.6 million in 1Q19, up 237.8% from 1Q18, impacted by the increase in Net Revenue and in Gross Margin that, in turn, reached 27.4% this quarter (+2.4 p.p.) due to the increase in sales of fiberboard and the recovery in the prices of some of the main products.
The earnings release, presentation and financial statements are available at: www.ri.eucatex.com.br/ri
Conference Call: May 16, 2019, 11:00 a.m. (Brazil), Dial-in: (11) 2188-0155.
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