- Trend analysis might not be the best way to do things, but with our longitudinal view on Suzano, we think we see costs catching up and potentially turning the cycle.
- Suzano has been benefiting in EBITDA growth for a while now because of elevated pulp prices, but other types of inflation exacerbated by the Ukraine war are slowing growth down.
- With the rate hike environment coming next, we think that the wedge between cost and price could start to enter the downcycle.
- Suzano is very low-cost and well-positioned, but we're glad that we're out of this position now.
For further details see:
Suzano Still Growing EBITDA, Although Costs Are Catching Up