Eucatex announced consolidated earnings results for the third quarter and nine months of 2017. For the quarter, the company reported gross revenue was BRL 374.5 million compared to BRL 366.1 million a year ago. Net revenue was BRL 313.7 million compared to BRL 304.3 million a year ago. Net income before financial result was BRL 35.3 million compared to BRL 28.0 million a year ago. Net income after financial result was BRL 29.8 million compared to BRL 4.6 million a year ago. Net income was BRL 30.2 million compared to BRL 4.2 million a year ago. EBITDA adjusted by non-cash events was BRL 52.0 million compared to BRL 43.1 million a year ago. Recurring net income was BRL 33.8 million compared to BRL 8.8 million a year ago. Recurring adjusted EBITDA was BRL 55.5 million compared to BRL 47.6 million a year ago. EBIT was BRL 31.7 million compared to BRL 23.4 million a year ago. Capex in third quarter of 2017 totaled BRL 37.1 million and was allocated to maintaining the Company's industrial and forest operations.

For the nine months, the company reported gross revenue was BRL 1,061.4 million compared to BRL 1,029.1 million a year ago. Net revenue was BRL 887.1 million compared to BRL 859.9 million a year ago. Net income before financial result was BRL 78.9 million compared to BRL 67.9 million a year ago. Net income after financial result was BRL 39.7 million compared to BRL 25.9 million a year ago. Net income was BRL 39.7 million compared to BRL 22.5 million a year ago. Net cash flow from operating activities was BRL 94.6 million compared to BRL 51.8 million a year ago. Addition to fixed assets was BRL 35.2 million compared to BRL 35.7 million a year ago. Addition to biological assets was BRL 42.5 million compared to BRL 32.3 million a year ago. EBITDA adjusted by non-cash events was BRL 146.2 million compared to BRL 122.1 million a year ago. Recurring net income was BRL 46.7 million compared to BRL 39.5 million a year ago. Recurring adjusted EBITDA was BRL 153.2 million compared to BRL 139.1 million a year ago. EBIT was BRL 71.9 million compared to BRL 50.9 million a year ago. Net debt was BRL 332.5 million compared to BRL 306.8 million a year ago.

In 2017, the Company plans to reduce capex by about 12.8% in relation to 2016 (BRL 81.0 million), with the focus being on sustaining capex.