In the first quarter of this year, Altri recorded a profit of 13.2 million euros, which is 93.7% more than in the same period in 2020, when it was not more than 6.8 million euros.
IN release CMVM Group reports that total revenues increased by 8.2% to 179.2 million euros, while sales from industrial activities reached 135.4 million euros, of which 86%, or 119.2 million, were made in the external market … An investment of 21.1 million euros was invested in energy production.
Total operating expenses in the first quarter were € 139.7 million, up 5.4% over the same period in 2020. Thus, EBITDA increased by 19.1% to 39.5 million euros during this period, with EBITDA in the pulp segment. an increase of 29% to € 32.7 million, “thanks to price movements in international markets”, while GreenVolt in the energy sector recorded EBITDA of € 6.8 million, compared to € 7.8 million recorded for the year earlier that Altri explains the planned shutdown of two of its units.
In the first quarter of this year, Altri invested about 7.1 million euros, increasing its net nominal debt at the end of March to 459.6 million euros, which is 15.7 million less than at the end of 2020.
In a presentation on quarterly results, Group CEO José de Pina notes that this first quarter, in addition to a gradual recovery in demand in most markets, “has already reflected an inversion of pulp prices in international markets, after a two-year long hiatus,” with Altri “increasing sales of their products, especially in international markets, which account for over 86% of the total production capacity. “
Industrial plants – Celbi, Celtejo and Caima – produced 280.4 thousand tons during this period, which is slightly lower than in the first three months of 2020, in terms of sales Altri placed 304.6 thousand tons on the market. , Which is 6.1% more than in the same period last year.
Greenvolt – Energias Renováveis’ forest biomass electricity generation was around 179.2 MWh this quarter, down 2.8% over the same period, fully attributable to the planned shutdowns of the Constância and Figueira plants. yes Foch.
In terms of future prospects, Altri suggests that, despite the pandemic scenario, he is “globally optimistic over the medium term” about the increase in demand and therefore prices, “which has a direct positive impact on the group’s results.”
Greenvolt with an “ambitious expansion project”
In a statement, the group recalls that on March 18 it announced the election of João Manso Neto as CEO of Greenvolt and intends to explore the possibility of a transaction that could lead to the admission of all shares representing the company’s stake. capital on the regulated market Euronext Lisbon.
“Greenvolt is implementing an ambitious national and international expansion project aimed at strengthening its leading position at the national level and establishing itself as a leading player internationally in the renewable energy market, not only from forest biomass, but also through innovative solar and wind energy models. “, – the group said in a statement released this Thursday, in which it recalls that it is in this sense that in early May it signed a Memorandum of Understanding with the Polish V-Ridium Europe.
In the report reporting for the first three months of this year, the group also refers to identifying four strategic development vectors that will focus its operations and its future investments – developing and valuing forests, investing in operational excellence and technological innovation, valuing people, and affirming sustainability as competitiveness factor – on the basis of this strategy, the main goals of sustainable development were determined, which led to the development of the “Commitment until 2030” of the Altri group.