Altri : Record-level profitability per ton, no sign of pulp prices running out of steam
>EBITDA per ton at record levels - Altri’s Q3 2022 results came in slightly above our estimates due to higher operating margins (EBITDA margin of 32.6% vs 30% estimated) despite persisting inflationary pressures in natural gas, chemicals and wood. EBITDA per ton reached € 338m, +23% vs Q3 2021 and +41% vs Q2 2022, its highest level due to record pulp prices ($1,380/t) and strong operating performance. Sales performed in line with estimates (+31% y-o-y, driven by the ...Altri SGPS is a holding company based in Portugal. Co. is engaged in management of investments mainly in the industrial sector. Through its subsidiary companies, Co. is engaged in the production of pulp and paper through the Celbi, Celtejo and Caima Groups. Pulp is the core business of Co. and the focus is on bleached eucalyptus pulp. Co.'s three pulp mills, Celbi, Caima and Celtejo, produce over 550,000 tonnes per year. The paper mill, CPK, produces 60,000 tonnes of sack kraft paper per year. Co. manages over 78,000 ha of forest in Portugal certified by the Forest Stweardship Council.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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