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In 2Q20, capital expenditures (cash basis) amounted to R$1,031 million, down 25% from 2Q19, mainly due to the lower expenses with land and forests and mill maintenance (lower expenses with projects). Compared to 1Q20, the 18% increase was mainly due to the higher expenses with forest development.

The Capex for 2020 was revised to R$4.2 billion (from R$4.4 billion), mainly due to lower maintenance expenditures, due to initiatives related to project payments and scheduled downtimes postponements, without reducing the scope.

Last updated on August 25, 2020