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Altri profits nearly doubled to 13.2 million by March - Industry

Altri profits nearly doubled to 13.2 million by March – Industry

Altri recorded a profit of 13.2 million euros in the first quarter of this year, reflecting an increase of 93.7% compared to the same period in 2020, when it did not exceed 6.8 million euros.

at Release For CMVM, the group revealed that total revenues increased by 8.2% to 179.2 million euros, with sales of industrial activity reaching 135.4 million euros, of which 86% – or 119.2 million – were executed in the foreign market. Energy production contributed 21.1 million euros.

Total operating costs in the first quarter were 139.7 million euros, up 5.4% over the same period in 2020. Thus, EBITDA increased by 19.1% to 39.5 million euros in the period, with EBITDA in the pulp production unit sector. 29% growth to 32.7 million euros “benefiting from the development of prices in international markets”, while GreenVolt, in the energy sector, recorded EBITDA of 6.8 million euros, down from 7.8 million recorded in the previous year, which is Altri clarifies it at the scheduled date. Close two of its units.

In the first quarter of this year, Altri invested about 7.1 million euros, which raised the net nominal debt at the end of March to 459.6 million euros, 15.7 million euros less than at the end of 2020.

In presenting the quarterly results, the Group CEO, José de Pena, indicated that in this first quarter, in addition to the gradual recovery in demand in most markets, “the reversal of pulp prices has already been reversed in international markets, after a two-year period of prolonged disruption”, Altri was able to “increase the sales of its products, especially in the international markets, as its sales exceeded 86% of the total production capacity”.

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The industrial units – Selby, Celtijo and Kaema – in this period produced 280.4 thousand tons, which is a value slightly less than that recorded in the first three months of 2020, as it put Altri on the market in terms of sales 304.6 thousand tons. Up 6.1% over the same period last year.

In the production of electrical energy through forest biomass, included by Greenvolt – Energias Renováveis, during the quarter it was about 179.2 MWh, which is a decrease of 2.8% compared to the same period, which is fully explained by the scheduled closure of Constância and Figueira da beat.

In terms of future prospects, Altri assumes that despite the pandemic scenario, “he is globally optimistic in the medium term” in terms of increased demand, and therefore prices, “with a direct positive impact on the group’s results.”

Greenvolt with an “ambitious expansion project”

The group states in the statement that it announced on March 18 the election of João Manso Neto as CEO of Greenvolt, and its intention to study the possibility of implementing a process that could culminate in accepting trading of all shares representing the company’s stake. Capital in the regulated market of Euronext Lisbon.

“Greenvolt has an ambitious project for national and international expansion, which aims to consolidate its leadership position at the national level and assert itself as a reference player at the international level in the renewable energy market, not only from forest biomass, but also through innovative models of solar and wind energy,” she says. The group in the statement released on Thursday, in which it was mentioned that in this sense it celebrated in early May a memorandum of understanding with the Polish V-Ridium Europe.

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In the statement presenting the accounts for the first three months of this year, the group also refers to identifying four development strategic vectors that focus its activity and future investments – developing and evaluating the forest, investing in operational excellence and technological innovation, evaluating people and emphasizing sustainability as a factor of competitiveness – based on This strategy, set out the key sustainability goals that culminated in the development of the Altri Group’s “2030 Commitment”.