Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23

Core Insights - Braskem S.A. reported a recurring EBITDA of US$230 million (approximately R$1,140 million) for 1Q24, reflecting an increase of 9% compared to 4Q23 and 12% compared to 1Q23 [2] - The company maintains a strong cash position of US$3.3 billion, which ensures coverage of debt maturities over the next 69 months [2] - Operating cash generation for the quarter was US$196 million (around R$972 million), up from US$129 million in 4Q23 and US$254 million in 1Q23 [2] - The utilization rate for Green PE production reached 98%, an increase of 36 percentage points from 4Q23 and 89 percentage points from 1Q23, indicating a normalization of green ethylene supply after previous restrictions [2] Financial Performance - Recurring EBITDA for 1Q24 was US$230 million, marking a 9% increase from the previous quarter and a 12% increase year-over-year [2] - Operating cash generation was reported at US$196 million, showing significant growth compared to both the previous quarter and the same quarter last year [2] Production Metrics - The utilization rate for Green PE production was 98%, significantly higher than previous quarters, indicating improved operational efficiency and supply normalization [2]