SAO PAULO, May 9, 2013 /PRNewswire/ --Braskem S.A.
(BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK
announces today its results for 1Q13.
HIGHLIGHTS:
- Braskem's resins sales in 1Q13 increased by 6.2% and 8.8% from
4Q12 and 1Q12, respectively, amounting to 921 kton, while its
market share reached 71%.
- The crackers operated at an average capacity utilization rate
of 90%, compared to 82% in the prior quarter, which was affected by
electricity supply problems.
- EBITDA in 1Q13 was R$937 million,
growing by 6% from the recurring EBITDA in 4Q12, which is explained
by the higher sales volume, the recovery in international spreads
and the gains in operating efficiency. In U.S. dollar, EBITDA was
US$470 million.
- In response to the proposal submitted by the Chemical Industry
Competitiveness Council, the government approved on May 2013 a reduction in the rate of PIS and
COFINS taxes on feedstock purchases by the first- and
second-generation of chemical producers.
- The construction of the new petrochemical complex - Ethylene
XXI - in Mexico remains on
schedule and the project's physical completion reached 26%.
- As part of its strategy to increase the value of its cracker
streams, Braskem has already begun the construction of the pipeline
to supply propylene to the Basf acrylic complex, scheduled to start
operations in the second half of 2014.
- The basic engineering studies related to Comperj are on
schedule and the conceptual design is expected to be concluded
within the new few months.
- Receipt of the first installment of R$163 million from the divestment of the assets
of the Water Treatment Unit.
The full earnings release is available on the Company's IR
website: www.braskem.com.br/ir
Braskem will host conference calls to discuss its Results next
Monday, May 13, 2013, at
11:00 a.m. ET in English and
9:00 a.m. ET in Portuguese. See
connecting details on the Company's IR website.
For further information, contact Braskem's Investor Relations
Area:
Roberta Pimphari Varella, +55 (11) 3576-9266,
roberta.varella@braskem.com
Fernando T. de Campos +55 (11)
3576-9479, fernando.campos@braskem.com
Daniela Balle de Castro, +55 (11)
3576-9615, daniela.castro@braskem.com
Pedro Gomes de Souza, +55 (11)
3576-9010, pedro.gomes@braskem.com
SOURCE Braskem S.A.
