Half Year 2025 Altri SGPS SA Earnings Call Transcript
Key Points
- Altri SGPS SA (FRA:ACJ) achieved an EBITDA of EUR28.2 million in Q2 2025, with an implied margin improvement of 2.2 percentage points compared to Q1 2025.
- The company has diversified its cellulosic fiber applications by acquiring a 58.7% stake in Ionic, a Swiss-based company offering innovative solutions in the textile sector.
- Altri completed the acquisition of Greenalia Forest and Greenalia Logistics, establishing a forestry platform in northern Spain.
- Despite challenging market conditions, Altri managed to reduce cash costs by 9% quarter-on-quarter and 5% year-on-year.
- The company was recognized for its commitment to employee safety and well-being, winning an award in the category of health and well-being in large organizations.
- Altri SGPS SA (FRA:ACJ) experienced a slowdown in pulp demand during Q2 2025, particularly impacted by US tariffs affecting Asian markets.
- Global demand for dissolving pulp decreased by 5.5% in the first five months of 2025, influenced by the global trade war.
- The company faced a material decline in EBITDA compared to the previous year, despite improvements in efficiency.
- Net profit decreased in Q2 2025 compared to Q1 2025, with a significant drop compared to Q2 2024.
- Altri's net debt increased during the quarter, driven by dividend distribution and working capital challenges.
Your line is muted. Good morning. We welcome you to the Altri second quarter 2025 results conference call. (Operator Instructions)
We have with us Mr. Jose Pina, the CEO of Altri Group; and Mr. Miguel Silva, the group's CFO. Mr. Jose Pina and Mr. Miguel Silva will give a brief description of the second quarter of '25 results, and the floor will be open to Q&A. I'll now hand the conference over to Mr. Jose Pina, the CEO of the Altri Group. Please go ahead, sir.
Thank you. Good morning, everyone, and thank you for attending Altri's conference call. We're always pleased to host this call with investors and analysts who share Altri's results and views of the market environment and challenges. You turn to slide number 2, we comment on some of the main highlights of the second quarter of 2025. We have seen some slowdown in pulse demand during the second quarter of 2025 after positive start of the year.
The announcement of US tariffs for most
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