Altri, SGPS, S.A.: history, ownership, mission, how it works & makes money

A Brief History of Altri, SGPS, S.A.

Founded in 2000, Altri, SGPS, S.A. has emerged as a leading company in the production of pulp and paper, primarily in Portugal. The company specializes in producing high-quality bleached eucalyptus kraft pulp (BEKP) and has established itself within the Iberian market.

In 2001, Altri began its operations with a focus on expanding its production capacity. The first significant milestone occurred in 2004 when Altri acquired a pulp mill located in Figueira da Foz, which significantly boosted its production capabilities.

By the end of 2005, Altri achieved a production capacity of **400,000** tons of BEKP per year. This was further enhanced in 2007 when the company expanded its facilities, bringing total capacity to **600,000** tons annually.

In 2010, Altri decided to innovate and invest in sustainable practices. The company implemented a project aimed at reducing environmental impact, aiming to lower water consumption and energy use by **20%** in the following years. In 2018, Altri reported an impressive **40%** of energy sourced from renewable resources.

The company went public in 2006 with its shares listed on the Euronext Lisbon stock exchange, gaining significant attention from investors. As of October 2023, Altri's market capitalization is valued at approximately **€1.5 billion**.

Financial performance has shown steady growth. In the financial year 2022, Altri reported revenues of **€568 million**, reflecting a **5%** increase compared to **€540 million** in 2021. The EBITDA for 2022 stood at **€220 million**, with a net profit margin of **15%**.

Below is a comprehensive table illustrating Altri's historical financial performance:

In addition to financial growth, Altri has made significant investments in R&D, dedicating over **€10 million** in 2022 to develop new products and improve production processes.

As of October 2023, Altri operates two main production facilities in Portugal, focusing on sustainability and innovation. The company's workforce has grown to over **2,000** employees, contributing to local economies and emphasizing corporate social responsibility by engaging in community development programs.

Altri continues to explore international markets, aiming to export around **60%** of its production, with key markets in Europe and Asia. The company has also received various awards for sustainability practices, reinforcing its commitment to environmental stewardship and responsible forestry practices.

A Who Owns Altri, SGPS, S.A.

Altri, SGPS, S.A., a leading player in the forestry sector in Portugal, operates primarily in the production of pulp and renewable energy. The ownership structure of Altri is characterized by a mix of institutional, retail, and insider investors.

As of September 2023, major shareholders of Altri include:

Altri's market capitalization was approximately €850 million as of late September 2023, reflecting its significant presence in the sector. The company's share price has shown resilience, averaging around €5.20 per share over the last six months.

The company's governance is guided by a Board of Directors that includes several significant stakeholders. The composition is as follows:

Additionally, Altri has demonstrated a strategic focus on sustainability and environmental practices, which is crucial for attracting institutional investors who prioritize ESG (Environmental, Social, and Governance) criteria.

In 2022, Altri reported revenues of approximately €432 million, with a net profit margin of around 12%, driven by robust demand for pulp products globally.

Overall, Altri, SGPS, S.A. is primarily controlled by Altri Capital, SGPS, S.A., with a diverse range of other institutional and corporate shareholders, contributing to its overall strategic direction and operational success.

Altri, SGPS, S.A. Mission Statement

Altri, SGPS, S.A., a prominent player in the pulp and paper sector, is headquartered in Portugal and primarily focuses on the sustainable production of pulp. The company aims to lead its market by emphasizing sustainability, innovation, and social responsibility within its operations.

The mission statement of Altri is to produce and provide high-quality, sustainable products while promoting environmental stewardship and enhancing the well-being of the communities it serves. Altri emphasizes its commitment to a circular economy, integrating sustainable practices throughout its value chain.

As of 2023, Altri reports a production capacity of approximately 1.1 million tons of pulp annually. The company has made substantial investments to increase its efficiency and sustainability, reflecting its mission to continually innovate.

In alignment with its mission, Altri has committed to reducing its carbon emissions by 30% by the year 2030. This initiative is part of a broader environmental strategy that underscores the company's dedication to sustainability. Additionally, Altri plans to enhance its product offerings by incorporating innovative technologies that will improve energy efficiency and reduce waste.

Altri is also focused on social responsibility. The company engages with local communities through various programs aimed at promoting education, health, and economic development. It allocates a portion of its annual budget, amounting to approximately 3% of net income, towards community initiatives.

As a publicly traded company, Altri's performance on the stock market reflects its operational efficiency and alignment with its mission. The share price has exhibited a growth trend, with a year-to-date increase of approximately 15% as of October 2023, signifying investor confidence in its sustainable practices and financial stability.

How Altri, SGPS, S.A. Works

Altri, SGPS, S.A. is a leading player in the European market for production of pulp and paper products. The company primarily operates through its subsidiaries in the forestry and cellulosic industries. Altri is known for its focus on sustainable practices, aiming to enhance its environmental stewardship while maximizing profitability.

As of 2022, Altri reported a total revenue of approximately €586 million, marking an increase compared to €531 million in 2021. The EBITDA for the same period was around €202 million, which corresponds to a margin of approximately 34%.

In terms of production capacity, Altri operates two main production facilities: the Celtejo mill located in Portugal and the Altri Florestal division, which manages extensive eucalyptus plantations. The Celtejo mill has a production capacity of approximately 300,000 tons of pulp annually.

The company invests significantly in sustainability, focusing on reducing its carbon footprint. Its commitment can be quantified in its target to achieve a 50% reduction in greenhouse gas emissions by 2030, compared to 2010 levels.

Altri's strategic focus on vertical integration helps the company achieve greater control over its supply chain—from forestry management to pulp production. This approach has enabled Altri to mitigate risks associated with raw material sourcing while ensuring a stable supply of high-quality eucalyptus. As of October 2023, Altri has expanded its planted area to over 85,000 hectares to support its production goals.

In 2021, Altri announced its ambitious plans to invest €150 million in expanding its production facilities and enhancing environmental sustainability measures, further solidifying its commitment to responsible forestry practices.

The company’s stock performance reflects its operational success. Altri is listed on the Euronext Lisbon, and as of October 2023, shares traded at approximately €6.50 each, with a market capitalization of about €1.5 billion.

In terms of corporate governance, Altri emphasizes transparency and shareholder engagement. The company’s board consists of diverse members with deep expertise in the sectors relevant to Altri’s operations.

Altri also adheres to international certifications such as FSC (Forest Stewardship Council) and PEFC (Programme for the Endorsement of Forest Certification), which adds credibility to its sustainability claims and appeals to environmentally-conscious investors.

How Altri, SGPS, S.A. Makes Money

Altri, SGPS, S.A. is a prominent player in the European pulp and paper industry, primarily focused on the production of high-quality pulp for various applications. The company generates revenue through several key segments, most notably through the sale of its products to both domestic and international markets.

Pulp Production and Sales

As of 2022, Altri reported a total pulp production capacity of approximately 1.1 million tons annually. The company operates two main production units: Celbi (located in Portugal) and the new plant in the Beira Interior region. The sales revenue from pulp alone for the fiscal year 2022 stood at around €608 million, demonstrating a significant increase of 22% compared to 2021.

• Celbi: Annual production capacity of 600,000 tons
• Beira Interior: Annual production capacity of 500,000 tons

The global demand for pulp is driven by various sectors, including packaging, textiles, and hygiene products. Altri capitalizes on this demand, exporting around 65% of its production to international markets such as Europe, Asia, and the Americas.

Financial Performance

Altri’s financial performance reflects its robust market position and growth trajectory. Below is a comprehensive table detailing key financial metrics from the most recent fiscal year.

Market Diversification

Altri has strategically diversified its product offerings beyond traditional pulp. The company is involved in the production of energy from biomass, which adds an additional revenue stream. In 2022, revenue from energy sales reached €30 million, representing 4.7% of total revenue.

Partnerships and Sustainability Initiatives

Partnerships with other companies and participation in sustainability initiatives have also fortified Altri's revenue-generating capabilities. The company has committed to reducing its carbon footprint and enhancing sustainability through innovative practices, which in turn attracts environmentally-conscious customers.

In 2023, Altri announced a partnership with a leading global packaging company, which is expected to generate an additional €25 million in revenue from sustainable packaging solutions.

Outlook and Growth Potential

Looking forward, Altri aims to increase its production capacity by 15% by 2025, driven by expanding market demand and investment in new technologies. The company's focus on sustainable practices and innovation in pulp production positions it favorably to capitalize on growing trends in eco-friendly products.

The overall market for pulp is projected to grow at a CAGR of 4.5% through 2027, suggesting a positive outlook for Altri’s revenue growth trajectory in the coming years.