During the 3Q, the three industrial units of Altri produced around 273.0 thousand tons of pulp (+4% comparing to the same period of 2014 and +21.4% comparing to the production of the 2Q 2015), and were sold 270.4 thousand tons of pulp (+3% comparing to the 3Q 2014 and +13% comparing to the 2Q 2015). Both values - tons produced and sold - correspond to an absolute record.
The evolution of production level and sales prices complemented with a reduction of production unit costs led to an EBTIDA in the quarter of Euro 63.1 million, corresponding to a growth of 110% over EBITDA of the same period of the previous year and to an increase of 18% over the 2Q 2015. EBITDA margin reached 34.8% which corresponds to a 1.1 pp increase compared to the EBITDA margin recorded in the previous quarter.
The operational income (EBIT) of the 3Q 2015 reached Euro 50 million, an increase of 186% comparing to the EBIT recorded in the same period of 2014 and an increase of 24% compared to the previous quarter.
Altri’s net profit reached Euro 34.4 million in the 3Q 2015, recording an increase of more than three times the amount recorded in the same period of 2014. Comparing to the net profit recorded in the 2Q 2015 the increase was of 23%.
In cumulative terms, in the first nine months of 2015 it was achieved a record amount of EBITDA, which amounted to about Euro 163.2 million, close to the double of the EBITDA for the same period of 2014. The net profit amounted to Euro 84.7 million, compared with a net profit of Euro 22.9 million reached in the same period of the previous year.
Altri is a reference in European eucalyptus pulp producers. In addition to pulp production, the Company is also present in the renewable power production business from forest base sources namely industrial cogeneration through black liquor and biomass.
