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Altri (ALTR) investor relations material

Altri Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary24 Jul, 2026

Executive summary

  • Q2 2026 saw a significant operational recovery after Q1 storm disruptions, with normalization of logistics and production.

  • Revenues reached €204.6M, up 20.8% year-over-year and 27.7% sequentially, driven by higher sales volumes and strong DP growth.

  • EBITDA was €30.0M, up 6.5% year-over-year, with a margin of 14.7%.

  • Strategic diversification advanced, including Biotek’s DP conversion, Caima’s acetic acid/furfural ramp-up, and AeoniQ demo project progress.

  • Sustainability achievements included CDP Supplier Engagement leadership and inclusion in TIME's most sustainable companies ranking.

Financial highlights

  • Q2 revenues were €204.6M, up 20.8% year-over-year and 27.7% sequentially.

  • EBITDA reached €30.0M, up from €5.4M in Q1 and €28.2M in Q2 2025.

  • EBIT was €18.5M, up 9.5% year-over-year.

  • Net profit was €12.9M, doubling year-over-year and rebounding from a Q1 loss.

  • Net debt increased to €397.9M at June-end, mainly due to dividend payments and ongoing investments.

Outlook and guidance

  • Market conditions improved, with stable pricing for BHKP and DP expected in H2 2026.

  • Operational disruptions from Q1 are largely resolved; focus remains on executing diversification strategy.

  • Wood and logistics costs are expected to normalize further in H2.

  • Full ramp-up of Biotek’s DP conversion and Caima’s acetic acid/furfural project expected by year-end.

  • Cash cost guidance for 2026 remains at mid-single digits, with blended costs stabilizing.

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Frequently asked questions

Altri SGPS S.A. is a Portugal-based holding company primarily engaged in the production of cellulose fibers from renewable forest resources. The company operates industrial facilities that produce bleached eucalyptus kraft pulp used in the manufacturing of paper, tissue, and textile products. Altri is also involved in sustainable forest management and the generation of renewable energy, particularly biomass-based electricity. The company serves customers in domestic and international markets. Altri SGPS S.A. is headquartered in Porto, Portugal, and its shares are listed on the Euronext Lisbon.