Q2 2024 Empresas CMPC SA Earnings Call Transcript
Hello, everyone, and welcome to Empresas CMPC second-quarter 2024 earnings webinar. I am Fernando Hasenberg, CFO of the company. And joining me today, we have Francisco Ruiz-Tagle, CEO of CMPC; Raimundo Varela, CEO of CMPC Pulp; Guilherme Viesi, Commercial Director at CMPC Pulp; and Claudia Cavada, our Investor Relations Officer.
Please note that the statements made today during the presentation and Q&A may include forward-looking statements to assist you in understanding our expectations for future performance. These statements are subject to some risks and could cause actual results and events differ materially.
For the second quarter of 2024, sales were $1.888 billion, EBITDA was $377 million and net income was $125 million. The Pulp business generated an EBITDA of $251 million with an EBITDA margin of 33.5%. EBITDA increased 30% quarter-over-quarter, which is explained by a higher average sales price and lower cash costs.
Softys business show an EBITDA of $132 million with an
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