Altri's total revenues recorded in the 2Q 2016 amounted to Euro 142.2 million, a decrease of about 10% on the figures recorded in the same quarter of 2015 and a decrease of about 12% over the 1Q 2016, as the company said in the press release received by Lesprom Network.
The EBITDA of the 2Q 2016 reached Euro 36.3 million, a decrease of about 30% and 32% compared to the EBITDA in the 1Q 2016 and compared to the same quarter of 2015, respectively. 2Q 2016 consolidated net profit of Altri reached Euro 15.1 million.
The 2Q 2016 was characterized by a decrease in the BHKP paper pulp price. The average market price in USD (PIX) recorded in the period was approximately 9.1% below the average price in the 1Q 2016 with the depreciation of the exchange rate EUR/USD enhancing this effect. Therefore, when measured in EUR, the average price of BHKP pulp in the 2Q 2016 was about 11% lower than the average price recorded in the previous quarter.
Altri is a leading Portuguese pulp producer. Altri main focus is the production of bleached eucalyptus pulp, being one of the lowest cost producers in Europe.
