2020 was marked by the Covid-19 pandemic and created great economic and social uncertainty. Even in this scenario, we achieved solid results, proving once again the excellence of our integrated business model, which is highly flexible and able to adapt to the most diverse economic environments.
The results in the period also reflect the fact that more than 80% of Klabin’s pulp, paper, and packaging production is for essential segments, such as food, hygiene, and cleaning.
We achieved growth in every line of the business and, consequently, significant financial results. We enjoyed our eleventh consecutive year of growth in operating cash generation measured by EBITDA. Other highlights stemmed from completion of the purchase of International Paper (IP) and the investment of more than R$ 5 billion in our operations and projects, notably the Puma II Project.
The year also saw the strengthening of our Corporate Governance, the ending of royalty payments for the use of the Klabin name and the approval of two financial policies on Indebtedness and Dividends (see more in Corporate Governance).
- R$ 11.949 billion in net revenue, a record.
- 16% increase on 2019.
- R$ 4.7 billion of adjusted Ebitda, an increase of 27% compared to 2019.
- 27% on 2019, excluding non-recurring effects.