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Braskem CEO sees strong 2018 demand, possible currency boost (BRKM5)

Business Insider UK
Updated

SAO PAULO, Nov 23 (Reuters) - Braskem SA, Latin America's largest petrochemical producer, has positive expectations for sales volumes in 2018, when a weaker Brazilian currency may boost earnings, Chief Executive Fernando Musa said on Thursday.

Earnings before interest, taxes, depreciation and amortization (EBITDA) are likely to decline slightly in Brazil but will probably remain stable in the United States, Europe and Mexico, he said. Musa forecast operations in Mexico will be using 90 percent of capacity by year-end and exporting up to 15 percent of output in the short term. (Reporting by Gabiela Mello)

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