Q2 2024 Altri SGPS SA Earnings Call Transcript
Key Points
- Altri SGPS SA (STU:ACJ) reported a significant increase in EBITDA for Q2 2024, reaching EUR74 million, a 48% improvement from Q1 2024.
- The company's EBITDA margin improved to 30.8% in Q2 2024, up from 22.5% in Q1 2024.
- Net debt was reduced by EUR15 million during the quarter, despite distributing full-year dividends of EUR51 million.
- Altri SGPS SA (STU:ACJ) continues to develop diversification and growth projects in segments such as bioproducts and textile fiber.
- The company achieved a 6% increase in production and a 9% increase in volumes sold in the first half of 2024 compared to the same period in 2023.
- There was a slowdown in demand from China and Asia overall in the last weeks of Q2 2024.
- The company anticipates some correction in pulp prices during the second half of 2024.
- Altri SGPS SA (STU:ACJ) expects some additional inflation pressures depending on the evolution of pulp prices.
- The company will undergo a scheduled maintenance for its largest unit, Celbi, in late Q3 2024, which may impact production volumes.
- Despite positive market conditions, the company maintains a cautious outlook for the second half of 2024 due to potential market disruptions and cost pressures.
Good morning, everyone. Thank you for joining us, at today's second quarter results of Altri conference call. We will review our latest financial performance, market conditions, operational highlights, future perspectives and at the end, we will follow with a Q&A session. To do that we have with us today the CEO of the Group, Mr. Jose Soares De Pina; and Mr. Vitor Silva the Group's CFO.
I'll now hand over to Mr. Jose Pina.
Thank you. Good morning and thank you for attending Altri conference call. We're always pleased to host this call with investors and analysts to share Altri's results and talk about the market environment and challenges ahead.
In slide number two, we comment on some of the main highlights during the second quarter of 2024. The global pulp market remained with positive demand dynamics during the second quarter of this year. As we shared with you at our first quarter results conference
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
