Altri Group's total revenues reached Euro 207.7 million during 2Q 2021, an increase of 27.9% vs. 2Q 2020, while operating costs grew 4.4% in 2Q 2021 vs. 2Q 2020.
2Q 2021 EBITDA grew 132% to Euro 69.4 million. EBITDA margin reached 33.4%. This performance shows the continuous search for efficiency improvement in the various plants of the Altri Group. Consolidated EBITDA includes a non-recurrent negative impact of approximately Euro 3 million, mainly related to the acquisition of Tilbury at the end of 2Q 2021.
Consolidated net income reached Euro 31.6 million in 2Q 2021 vs Euro 2.4 million in 2Q 2020.
José Pina, CEO of Altri, said: “I note the strong operational and financial performance of Altri, with the establishment of quarterly and half-year records for production and sales. Our industrial units, which are second generation biorefineries, increased, without exception, their performance, allowing us to supply the market with base materials for thousands of products that are part of our daily lives, as well as to increase domestic sales and exports. In the first semester, the Group also presented very significant results, with EBITDA growing to Euro 108.9 million, +72.8% when compared to the same period of last year.”
Altri is a leading European producer of bleached eucalyptus pulp and, more recently, a producer of dissolving pulp.
