Altri, a leading Portuguese pulp producer, reported 33% decrease of EBITDA amid 6.7% decrease of revenues in 4Q2016 y-o-y. According to the announcement, the company’s revenues accounted for EUR 159.1 million, generating EBITDA of EUR 33.8 million in the period (24.4% margin).
For the complete 2016 the company’s revenues accounted EUR 612.5 million, generating EUR 167.5 million of EBITDA (margin 27.3%).
Earlier Altri Group announced an investment into the brown stock washing process upgrade at its mill in Portugal.
The company is a leading Portuguese pulp producer. Its main focus is the production of bleached eucalyptus pulp, being one of the lowest cost producers in Europe. The company operates three pulp mills – Celbi (nominal capacity 600ktpa), Caima (120ktpa) and Celtejo (140ktpa). Altri also manages around 84,000 ha of forest in Portugal certified by FSC and PEFC. The wood self-sufficiency rate stands around 30%.