LISBON – Portuguese paper pulp producer Altri reported on Thursday an almost five-fold rise in its internet revenue to 123.7 million euros ($136.79 million) final 12 months, boosted by worth will increase and report pulp gross sales.
“Monetary efficiency was strongly impacted by report manufacturing of cellulose fibres, but in addition by the rise in gross sales, in a interval marked by excessive pulp costs in worldwide markets,” the corporate mentioned in an announcement.
As demand elevated in Europe, the worldwide worth index for bleached hardwood kraft pulp rose to $1,140 a ton on the finish of 2021 from $680 a 12 months earlier.
Pulp manufacturing hit a report excessive of 1,126,000 tons, a 2.2% rise from 2020.
Complete gross sales elevated 38% to 793.4 million euros as the corporate bought a report 1,153,000 tons of pulp, of which 86% had been exported to markets exterior Portugal.
Core earnings or EBITDA elevated 132.7% to 227.7 million euros and its margin improved to twenty-eight.7% from 17% in 2020.
The corporate mentioned that within the pulp phase it continued to see “robust demand” in Europe in early 2022, particularly for printing and writing paper.
Some challenges persist on the availability aspect, the corporate mentioned, including it was additionally apprehensive with extended strikes in northern Europe, which have a direct influence on the dynamics of the European market.
($1 = 0.9043 euros)
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