The evolution of production level and sales prices was complemented with a very controlled evolution of operating costs, which led to an EBITDA in the quarter of Euro 46.6 million, corresponding to a growth of about 79% over EBITDA for the same period of the previous year and an increase of about 49% over the 4Q 2014.
The EBIT of the 1Q 2015 reached about Euro 33.4 million, an increase of about 63% compared with the EBIT recorded in the 4Q 2014 and an increase of about 147% over the same period of last year.
Net profit of Altri reached Euro 22.2 million, recording a growth of about 189% over the same period of last year.
In the 1Q 2015, the three Altri industrial units produced 256.4 thousand tons of pulp (+ 17% compared to the production of the 1Q 2014 and + 1.4% compared to the 4Q 2014) having been sold 248.6 thousand tons of pulp (-0.9% comparing with the 4Q 2014 and + 7% comparing with the 1Q 2014).
The reduction in pulp sales between the 1Q 2015 and the 4Q 2014, was due to the need to increase the stocks in order to allow the company to ensure with quality the trade commitments agreed with the clients, taking into account the scheduled maintenance stoppage in Celbi industrial unit which was held during the month of April.
In terms of exports, during the first three months of 2015, Altri exported about 230.6 thousand tons of pulp, corresponding to an increase of about 5% over the same period of last year.
Altri is a reference European producer of eucalyptus pulp. Apart from the production of pulp, the Group is also present in the renewable energy sector of forest base, namely industrial cogeneration through black liquor and biomass. The forestry strategy is based on full utilization of all the components provided by the forest: pulp, black liquor and forest wastes.
