Altri recorded a consolidated net profit of EUR 44.8 million in the first half of this year, an increase of 384.8% over the profit reported for the same period in 2020 of EUR 9.2 million.
The group said in a statement that its financial performance “has been marked by a progressive recovery in pulp prices in international markets,” adding that the pulp mills – Celbi, Celtejo and Caima – have achieved “an all-time record over the period.” 571 thousand tons “. Out of 595 thousand tons sold in foreign markets, 515 thousand tons were absorbed.
Electricity production from forest biomass provided by Greenvolt was about 352 GWh, down 2.1% over the same period last year, “which is fully attributable to the planned closings of the Constância, Figueira da Foz and de Vila plants. Velha de Rodao, ”the group explains.
Overall, Altri’s revenue grew by 17.9% in the first six months of this year, reaching 387 million euros, and in industrial activities, sales amounted to 345 million euros, of which 87%, or 266 million euros, were in the external market. … In turn, 42 million euros were invested in energy production.
Total operating expenses were € 278 million, up 4.9% over the same period in 2020.
As a result, consolidated EBITDA increased by 72.8% to EUR 109 million. According to Altri, EBITDA in the pulp segment was € 97.9 million, up from the first six months of 2020 due to price movements in international markets. Greenvolt’s EBITDA was € 10.6 million, including a one-off acquisition cost of British Tilbury on June 30 of € 3.3 million, up from € 15.7 million recorded annually, which the group attributed to the planned shutdown three of its units.
In a statement, Jose de Pina, the pulp maker’s CEO, highlights “quarterly and semi-annual production and sales reports.” “Our manufacturing plants, which are second-generation biorefineries, have increased their performance without exception,” the official emphasizes, adding that in the second quarter alone, the group’s EBITDA increased by 132% compared to the same period last year. and 75.8% over the first quarter of the year.
During this period, Altri invested about 14 million euros, resulting in a nominal net debt at the end of June of 711.1 million euros, including the acquisition of Tilbury. Excluding this acquisition, the net worth of debt would have been € 474.4 million.
