Altri’s Net Profit Reaches €7.6 Million in the First Carter

Altri Group’s total revenues reached 203.6 million euros in the first quarter of 2025, representing a decrease of 8.6% compared to the first quarter of 2024, and an increase of 9.7% versus the fourth quarter of 2024.

In the first quarter of this year, EBITDA totalled €29.4 million, down 41.2% year-on-year and 23.1% lower than Q4 2024. The less favourable EBITDA performance was due not only to lower prices (also impacted by the depreciation of the USD), but also to uncertainty caused by trade wars and tariffs, as well as some instability following the turbine incident at Celbi — which restarted at the end of March — and the ramp-up of soluble pulp production at Biotek.

Altri Group’s net profit for this period was approximately €7.6 million, compared to €21.6 million in the same period last year. In the last quarter of 2024, net profit reached €17.6 million.

Total net investment by Altri Group during the first three months of 2025 amounted to €9.9 million, compared to €11.8 million in the same period last year. This includes €4.8 million in investments classified as ESG, representing 49% of the total net investment.

The Group’s net debt stood at €211.0 million at the end of March 2025, slightly down from €213.6 million at the end of December 2024. This debt level corresponds to a Net Debt/EBITDA LTM ratio of 1.1x. Total net debt (i.e., including lease liabilities) amounted to around €291.6 million at the end of Q1 2025. As of the end of the first quarter of 2025, 36% of Altri Group’s interest-bearing debt carried a fixed rate (including interest rate swap contracts).