INSUBCONTINENT EXCLUSIVE:
quarter.This marked a 259% increase compared to the same period in 2023, as revealed in its financial report on February 27
For the full year, losses totaled R$11.32 billion ($1.89 billion), up 147% from 2023, reflecting significant challenges across global
grew 15% to R$19.15 billion ($3.19 billion), driven by higher sales prices in some segments, but this failed to offset operational pressures
Petrochemical spreads dropped sharply, with polyethylene-naphtha spreads in Brazil falling 23% and basic chemical spreads declining 24%.In
Mexico, polyethylene spreads fell 21%, driven by rising ethane costs and weaker pricing
Demand for resins in Brazil hit its lowest level of the year due to high interest rates and sluggish industrial activity.Braskem Reports
$940 Million Loss in Q4 Amid Falling Spreads and Rising Debt
(Photo Internet reproduction)U.S
and European markets also struggled with economic uncertainty, further pressuring sales volumes
Braskem faced additional challenges from higher environmental provisions and idle capacity costs.Braskem Faces Increased Debt & Market
debt-to-EBITDA, up from 6.1 times in the prior quarter.Market reactions reflected investor concerns, with Braskem shares (BRKM5) falling
2.15% to R$11.81 ($1.97) on February 27 after hitting an intraday low of R$11.14 ($1.86).Analysts at XP Investimentos noted that recurring
EBITDA was 68% below expectations, while Bradesco BBI highlighted a disappointing performance despite some improvement in free cash flow
generation.While Braskem implemented cost-cutting measures and maintained a robust $2.4 billion cash position, recovery depends on improved
of $8.50 but warned that market conditions must improve for sustained recovery.
