ALTRI, SGPS, S.A. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 04, 2017
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ALTRI, SGPS, S.A. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenues of EUR 159,836,000 against EUR 161,706,000 a year ago. EBITDA was EUR 40,122,000 against EUR 52,090,000 a year ago. EBIT was EUR 26,207,000 against EUR 38,827,000 a year ago. Financial loss was EUR 4,138,000 against EUR 4,845,000 a year ago. Profit before income tax was EUR 22,069,000 against EUR 33,982,000 a year ago. Profit for the period attributable to parent company's shareholders was EUR 17,124,000 against EUR 25,117,000 a year ago. Nominal debt net of cash and cash equivalents as of 31 March 2017 amounted to EUR 432.2 million representing a decrease of approximately EUR 6.4 million compared to net debt of EUR 438.6 million recorded in the end of 2016. The total net investment (CAPEX) made in the first quarter of 2017 by the industrial units of the Group amounted to EUR 24.4 million.
Altri, SGPS, S.A. is a holding company primarily organized around 3 areas of activity:
- paper pulp production: 1,061 Kt produced in 2023. At the end of 2023, the group had 3 production sites located in Portugal;
- logging;
- electricity production from renewable energies.