Q3 2025 Altri SGPS SA Earnings Call Transcript
Key Points
- Global hardwood pulp demand increased, with China showing a 13.4% rise and the rest of Asia and Africa up 18.1%.
- The migration of BHKP production to dissolving pulp is on track for completion by the end of 2026.
- Altri SGPS SA completed the acquisition of a majority stake in Ionic, a Swiss company focused on sustainable textile fibers.
- The company earned the Ecovaris Platinum medal for the third consecutive year, ranking in the top 1% of companies globally in its sector.
- Altri SGPS SA has been able to reduce cash costs by 3% quarter on quarter and 8% year on year, focusing on cost optimization.
- EBITDA decreased by 79% year on year, with a margin of 7.1%, mainly due to lower pulp prices and the devaluation of the US dollar.
- Total revenues for the quarter were down 20% year on year, impacted by lower prices and a weaker US dollar.
- The dissolving pulp market faced challenges due to US tariffs impacting the Asian textile value chain.
- Net debt increased during the quarter due to additional capex and corporate tax advance payments.
- Cash flow has been weak, with negative results for the last two quarters, and EBITDA levels not seen for a while.
Good morning. We welcome you to the Altri third quarter 2025 results conference call.
(Operator Instructions)
If you're experiencing any difficulty in hearing the conference at any time, please make sure you have the headset fully plugged in, or alternatively, please TRY calling from a different device.
I'll now hand the conference over to to Mr. Rui Cesario, head of IR of the Alre Group. Please go ahead, sir.
Good morning.
Thank you for joining ALL3 3rd quarter 25 results conference call. We'll review our financial performance, market conditions, operational highlights, and outlook, followed by Q&A at the end.
We have with us the CEO of Alfre, Mr. Giuseppina, and Mr. Miguel Silva, the group's CFO, to address this topic.
I'll hand over to Mr. Giuseppina.
Thank you very. Good morning and thank you for attending all tree's conference call. As always, we're pleased to host this call with investors and
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