Lisbon, May 22, 2025 (Lusa) - Portugal's Altri, an industrial conglomerate with activities in forestry and pulp manufacture, posted a profit of €7.6 million in the first three months of the year, down 64.7% from the same period of last year, the company said in a statement to the market on Thursday.

"The Altri Group's net profit in the first quarter of 2025 totalled around 7.6 million euros, a decrease of 64.7% compared to the same period last year," reads the statement sent to Portugal's Securities Markets Commission (CMVM). 

Relative to the fourth quarter of 2024, the drop was 56.8%.   

In the first three months of this year, the company's total revenues totalled €203.6 million, down from the €222.7 million recorded in the first three months of 2024. 

Total expenditure was €174.2 million, an increase of 0.9%. 

Earnings before tax, interest, depreciation and amortisation (EBITDA) stood at €29.4 million in the first quarter, down 41.2% on a year earlier.

In the period, the group produced 267,400 tonnes of pulp, a reduction of 2.9% compared to the same quarter last year. 

The group's total net investment totalled €9.9 million up to March, compared to €11.8 million in the same period last year. 

In turn, net debt totalled €211 million at the end of March, compared to €213.6 million at the end of last year. 

"The year 2025 began under the sign of uncertainty, motivated by the tariff policy imposed by the US administration, with successive advances and setbacks," the statement quotes Altri's CEO, José Soares de Pina, as saying. "This sentiment affects the entire value chain in the various markets, with special emphasis on the Chinese market, a major market for the cellulose fibre industry." 

Altri focuses on the production of eucalyptus fibres and forestry management. 

In Thursday's stock market session, Altri shares rose 0.98% to €6.21.

PE/ARO // ARO.

Lusa