Altri Group Achieved its Best Year Ever During 2022
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Altri Group achieved its best year ever during 2022 in terms of total revenues, EBITDA as well as pulp produced in several industrial units of the Group. Benefiting from a favourable evolution of pulp prices, total revenues reached € 1,066.2 M in 2022, a 34.4% increase vs 2021. During the 4Q22, Altri Group recorded total revenues of € 260.4 M, a 25.1% increase vs 4Q21.
Altri Group reached a record EBITDA of € 301.4 M in 2022, 32.4% above 2021. Despite the challenging environment of inflation in the costs, the Group managed to maintain a high level of profitability, reporting an EBITDA margin of 28.3% in 2022. In the 4Q22, EBITDA reached € 78.1 M, a 57.3% growth when compared to 4Q21 and an implicit margin of 30.0%.
During 2022, the Altri Group has committed itself to analysing the Gama project, which implies the construction of an industrial unit for the production of soluble pulp and sustainable textile fibres from scratch, in Galicia. Altri Group has been actively working in the environmental impact study, engineering project, economic feasibility study, financing structure and access to European Union funds, with the aim of announcing a final investment decision during 2023.
“The core business of Altri revolves around Fibre. Cellulosic fibre, which begins in forest management, is transformed at our industries using the best sustainable practices, stimulating the circular economy through its incorporation into a multitude of different products. But also the fibre we are made of, which represents our energy, the ability to make decisions and take firm positions. To this we add value: that which we generate through our products, and that which we cultivate daily among the more than 800 employees that make up our Altri Group”, says José Soares de Pina, Altri’s CEO.
