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Altri profit up 144.8% on high prices and increased demand – Indústria

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Altri profit up 144.8% on high prices and increased demand - Indústria

In the first three months of this year, Altri recorded a profit of 29.8 million euros, up 144.8% compared to 12.2 million euros recorded in the first quarter of 2021, excluding GreenVolt, which is currently considered ” discontinued operations” in terms of providing financial information.

In a statement, the group adds that as of March, total revenue reached €249.2 million, up 46.5% compared to the same period in 2021, emphasizing that “financial performance was strongly affected by fiber production, but in mainly due to increased sales in the face of rising prices in international markets.”

EBITDA reached 61 million euros, up 85.6% year-on-year, “despite higher costs for natural gas, chemicals, and higher levels of timber imports, this resulted in a significant increase in cost per tonne,” notes is he.

The EBITDA margin increased 5.1 percentage points to 24.5%, “reflecting growing efficiency in the context of headline inflation,” he notes.

At the enterprises of the group – Celbi, Biotek and Caima – the total volume of cellulose fiber produced in the first quarter reached 280.3 thousand tons, which practically corresponds to the level of the same period last year.

Cellulosic fiber sales amounted to about 298.1 thousand tons, down 2.1% year-on-year, with foreign markets accounting for 86% of the total.

The group’s total net investment up to March was 6.8 million euros.

Net debt at the end of the first quarter was around 303.3 million euros, a reduction from the 344 million registered at the end of 2021. YoY net debt/EBITDA ratio was 1.2x.

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In a message that accompanies the release of quarterly reports, Altri’s CEO highlights the fact that the group has delivered high levels of cellulose fiber production, “ultimately capitalizing on strong demand as well as a continued upward trend in prices. in international markets.”

“Cellulosic fiber demand continues to show very positive momentum in most regions, with the exception of China,” says José de Pina, adding that this context of destocking has led to consistent price increases.

The price, he said, rose to $1,200 per tonne at the end of the first quarter, “but since then, several upgrades totaling $100 have been announced to the market,” boosting the group’s revenue, EBITDA and bottom line. income.

The official acknowledges that the unfavorable context will continue, with “strong increases in energy and raw material prices, especially for chemicals and timber,” stressing that “felt inflationary pressures are a reflection of disruptions in supply chains.” , now “exacerbated by Russia’s invasion of Ukraine, an act worthy of condemnation at all levels.” A reality, he adds, “that will accompany us in the times to come.”

José de Pina also notes the success of the group in the preparation of the Gama project in Galicia. “Recently, we took an important step by choosing Palas de Rei in Lugo as the right place to host a sustainable fiber complex,” he says.

The next steps will include an environmental impact study, the start of detailing the engineering design and economic feasibility, and the definition of a funding structure.

The Galicia project is based on an MOU signed with Impulsa, a public-private consortium in the region of Galicia, for the exclusive study of greenfield construction of an industrial plant with an annual production capacity of 200,000 tons of dissolving pulp and sustainable textile fibers.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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