Altri’s net profit more than doubles in the first six months of 2024

25 jul 2024

News Altri News
Altri Group increases sales and net profit grows to €21.6 million
Altri Group increases sales and net profit grows to €21.6 million
The increase in sales made it possible to offset the still unfavourable comparison in terms of prices. Total revenue reached €222.7 million in the first quarter of 2024.
Altri’s net profit reaches €42.8 million in 2023
Altri’s net profit reaches €42.8 million in 2023
Altri Group managed to maintain a high level of production at its three units in Portugal, Biotek, Caima and Celbi, exceeding one million tons of cellulosic fibers.
Daniela tests her limits at WTREX to protect the Portuguese forest
Daniela tests her limits at WTREX to protect the Portuguese forest
Daniela Gonçalves, Commercial Forestry Technician at Altri Florestal, tells, firsthand, the experience of participating in WTREX – Women’s Traditional Fire Training Exchange.
Altri Group obtains €50 million in Green Bonds for the “Caima Go Green” project
Altri Group obtains €50 million in Green Bonds for the “Caima Go Green” project
Financing will allow Caima to abandon fossil fuels throughout its production process.
Altri reaches total revenues of €601 million in the first nine months
Altri reaches total revenues of €601 million in the first nine months
Production of cellulosic fibers reached 781.3 thousand tons, with sales exceeding 810.4 thousand tons. Total revenue amounted to €601.0 million.
Altri Group reaches a net profit of €28 million in the first six months
Altri Group reaches a net profit of €28 million in the first six months
The group is working to adjust cellulosic fiber production to demand, while reducing costs. Altri accelerates investments and maintains its intention to announce the decision on the Gama Project by the end of 2023.
Altri Group is the sustainability partner of RFM SOMNII 2023
Altri Group is the sustainability partner of RFM SOMNII 2023
Festival held on the sandy beach of Praia do Relógio is the ideal stage to raise awareness among young people about the importance of sustainability.
Altri Group in the top 5 worldwide in sustainability
Altri Group in the top 5 worldwide in sustainability
Altri Group reached 14.7 points, the best classification ever in the evaluation carried out by Sustainalytics. This score reinforced the status of “ESG Low Risk Company”.
Altri Group distinguished by its “Sustainability” strategy at the KAIZEN Awards
Altri Group distinguished by its “Sustainability” strategy at the KAIZEN Awards
The strategy outlined by the Altri Group was recognized at the 12th edition of the KAIZEN™ Awards Portugal.
Net profit of €19.6 million reinforces Altri Group's strategic priorities
Net profit of €19.6 million reinforces Altri Group's strategic priorities
Through Caima, Celbi and Biotek, the Altri Group produced 239.5 thousand tons of cellulosic fibers in the first quarter. Sales amounted to 251.4 thousand tons.
Altri Florestal gathers owners to show the work done to protect and value the forest
Altri Florestal gathers owners to show the work done to protect and value the forest
The Second Meeting of Forestry Owners took place in Vale Lapão, in Alvares, Municipality of Góis, District of Coimbra.
Altri’s revenue surpass the €1,000 million mark for the first time
Altri’s revenue surpass the €1,000 million mark for the first time
Despite the difficult context, the Altri Group showed solid growth in its revenues, but also in EBITDA. Net income for 2022 grew by 23% to €152.1 million.
Prime Minister visits construction work on the new Caima biomass plant
Prime Minister visits construction work on the new Caima biomass plant
“Go Green” will allow Caima to become the first cellulosic fiber factory in the Iberian Peninsula and one of the first in Europe to operate without the use of fossil fuels.
Altri’s sustainable fiber factory is a “Strategic Industrial Project” for Galicia
Altri’s sustainable fiber factory is a “Strategic Industrial Project” for Galicia
Strategic Industrial Project Classification streamlines a set of procedures, allowing to speed up the start-up of a project whose investment decision will be taken in this first semester.
The Altri Group signed the BCSD Portugal Manifesto For an agreement for Nature at COP15
The Altri Group signed the BCSD Portugal Manifesto For an agreement for Nature at COP15
The main goal of the United Nations COP15 on Biodiversity is the adoption of a Global Strategy for Biodiversity Post-2020.
Altri Group is committed to protecting biodiversity
Altri Group is committed to protecting biodiversity
Grupo Altri is one of the 42 signatories of Act4Nature alliance, an initiative of BCSD Portugal.
Greater efficiency helps Altri Group achieve a net profit of €117.4 million
Greater efficiency helps Altri Group achieve a net profit of €117.4 million
Production of 852.1 thousand tons of cellulosic fibers, in a context of high prices, dictated a 37.7% increase in revenues, while EBITDA grew by 25.4%.
Altri Group welcomed 42 young people at the Summer Academy
Altri Group welcomed 42 young people at the Summer Academy
Summer Academy is a tradition that dates back to the early 80's, held at that time by Celbi. Over these many years, the initiative has received more than 1,300 participants.
Altri's net profit grows to €69.6 million in the first half of 2022
Altri's net profit grows to €69.6 million in the first half of 2022
Despite the inflationary environment of several variable costs, Altri benefited from a favourable price environment for cellulosic fibers. Revenues exceeded the threshold of €500 million in the first half of the year.
Altri’s GHG reduction targets validated by SBTi
Altri’s GHG reduction targets validated by SBTi
Validation of the 2030 Commitment underlines Altri's contribution to keeping global warming limited to 1.5ºC until the end of this decade.
Altri, Corticeira Amorim, Sonae Arauco and The Navigator Company offer 22 scholarships
Altri, Corticeira Amorim, Sonae Arauco and The Navigator Company offer 22 scholarships
Initiative aims to increase the availability of specialists in the forestry area, responding to the growing demand.
Altri joins RFM SOMNII 2022 at the Biggest Sunset Ever in Figueira da Foz
Altri joins RFM SOMNII 2022 at the Biggest Sunset Ever in Figueira da Foz
Altri Group is one of the sponsors of the 2022 edition of the RFM SOMNII festival which takes place on the 8th, 9th, and 10th of July in Figueira da Foz.
Altri Florestal reduces CO2 emissions with three new hybrid excavators
Altri Florestal reduces CO2 emissions with three new hybrid excavators
Altri Group is determined to increase the fleet of state-of-the-art, highly efficient, and environmentally responsible forestry and land preparation machines.
Altri's net income grows to €29.8 million
Altri's net income grows to €29.8 million
Altri Group produced 280.3 thousand tons of cellulosic fibers in the first quarter. Revenues reached 249.2 million euros, reflecting a positive dynamic in terms of demand and prices.
Altri wins the 1st prize from the Kaizen Institute for “Excellence in the Continuous Improvement System"
Altri wins the 1st prize from the Kaizen Institute for “Excellence in the Continuous Improvement System"
The award recognizes the work, dedication, and motivation of a large multidisciplinary and transversal team of the Altri Group.
Altri points to Lugo as the ideal location for a sustainable fiber biofactory in Galicia
Altri points to Lugo as the ideal location for a sustainable fiber biofactory in Galicia
Biounit with the capacity to produce 200,000 tons of cellulosic-based textile fibers would be able to supply the textile cluster in the Northwest of the Iberian Peninsula.
Altri is the first in its sector to disclose environmental information in commercial documents
Altri is the first in its sector to disclose environmental information in commercial documents
Altri customers will have information regarding the greenhouse gases emissions, the use of water and the consumption of renewable energy, all in a simple and intuitive way.
Altri's profit grows to €123.7 million in record production year
Altri's profit grows to €123.7 million in record production year
At the Altri Group's pulp production units -- Celbi, Biotek and Caima -- there was an absolute record of production and sales in the 12 months of 2021. In this period, 1.126 million tons of pulp were produced.
Altri clarifies its position towards the Russian market
Altri clarifies its position towards the Russian market
The Altri Group does not have and does not intend to have any commercial relationship with Russia.
Celbi implements a unique system that increases efficiency in pulp production
Celbi implements a unique system that increases efficiency in pulp production
Unique cooking system allows Altri´s unit to increase its daily production capacity by around 2.5%.
Caima invests €40M to become the first Iberian cellulosic fibers producer free of fossil fuels
Caima invests €40M to become the first Iberian cellulosic fibers producer free of fossil fuels
The new biomass power plant, which represents an investment of 40 million euros, will guarantee total energy autonomy from exclusively renewable sources.
Altri in the top 10 of the industry worldwide in sustainability
Altri in the top 10 of the industry worldwide in sustainability
Altri reaches leadership status for its fight against climate change
Altri reaches leadership status for its fight against climate change
Altri reached a A- rating at CDP’s climate change scoreboard. Obtained full mark on 5 of the 11 categories measured by CDP, namely in initiatives to reduce CO2 emissions.
Altri net income reached €48.1M in 3Q21
Altri net income reached €48.1M in 3Q21
Altri Group's total revenues reached € 248.4 M during 3Q21, an increase of 75.5% vs. 3Q20. Altri Group's EBITDA reach an absolute record level of € 98.7 M, an increase of 205.7% when compared to the same period last year.
Altri signs a manifesto to promote innovation, economic development and sustainability for Portugal
Altri signs a manifesto to promote innovation, economic development and sustainability for Portugal
Altri, through José de Pina, the company's CEO, signed the manifesto "Innovation, economic development and sustainability for Portugal".
Altri celebrates 25 years of EMAS
Altri celebrates 25 years of EMAS
EMAS is 25 years old and Celbi was one of the first national companies to join and guarantee continuous environmental innovation processes, having been distinguished by the European Commission.
Clime to Go a race for our planet
Clime to Go a race for our planet
Climes to Go race integrates Altri's team dedicated to water resources. Altri is currently a benchmark in the use of water per ton of pulp produced and in the 2030 Commitment the objective is to reduce this use by half.
Altri has joined act4nature
Altri has joined act4nature
Altri has joined act4nature and endorsed the ten common principles for the preservation of biodiversity.
Life on Land
Life on Land
To protect the Life on Land is one of the Sustainable Development Goals included on the Altri's 2030 Commitment.
Investment in Galicia reinforces Altri's sustainability strategy
Investment in Galicia reinforces Altri's sustainability strategy
Altri signs a memorandum for the development of an industrial biounit to produce sustainable fibers for the textile sector, accelerating the decarbonization of that sector and contributing to the circular economy. The new unit will have an annual production capacity of 200 thousand tons.
Altri and the UN SDG
Altri and the UN SDG
Altri's commitment to the Sustainable Development Goals is materialized in four vectors and seven goals that best fit Altri's activity.
Altri reforça compromisso com a igualdade de género
Altri reforça compromisso com a igualdade de género
A Altri já apresentou o seu plano para a Igualdade de Género para 2022. Um plano que tem como objetivo contribuir, ainda mais, para alcançar uma efetiva igualdade de oportunidades entre mulheres e homens, promovendo a eliminação da discriminação em função do sexo e fomentando o equilíbrio saudável entre a vida pessoal, familiar e profissional, levando a que os seus colaboradores se sintam ainda mais comprometidos com o Grupo.
Altri signs Manifesto Towards COP26
Altri signs Manifesto Towards COP26
The Altri Group is one of the subscribing members of the BCSD Portugal Manifesto entitled “Towards COP26”.
Altri completes Greenvolt's IPO on Euronext Lisbon
Altri completes Greenvolt's IPO on Euronext Lisbon
The Altri Group completed, on July 15th, the IPO of Greenvolt after a successful capital increase, fully subscribed by institutional investors.
Altri sets sustainability goals with the "2030 commitment"
Altri sets sustainability goals with the "2030 commitment"
Altri has defined four strategic vectors for future development on which it will focus its activity, as well as the definition of its investments.