Altri's 3Q revenues increased by 11% to Euro 165.5 million

Market: Pulp
10 November, 22:38
Altri's revenues in the 3Q 2017 achieved Euro 165.5 million, an increase of 11% over the same period of last year and in line with the revenues from the previous quarter, as the company said in the press release received by Lesprom Network.

EBITDA for the 3Q 2017 was around Euro 53.7 million, an increase of 34% compared to EBITDA recorded in the same period of 2016. In relation to the 2Q 2017, EBITDA increased 13%.

Altri’s 3Q 2017 consolidated net profit reached approximately Euro 26.4 million, an increase of 8% over the 2Q 2017 and an increase of 57% over the same quarter of the previous year.

In the first nine months of 2017, total revenues reached approximately Euro 491 million (+8%). EBITDA reached Euro 141.2 million, corresponding to an increase of 10% over the same period of 2016. The net profit was around Euro 68 million, an increase of 19% over the first nine months of 2016.

Altri is a European reference eucalyptus pulp producer. 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.


Tags: Altri

Topics: Finance

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