Altri, SGPS, S.A. (ALTR) Earnings Call Transcripts

Altri, SGPS, S.A.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Altri, SGPS, S.A. reported a significant decline in financial performance, with revenues impacted by lower net pulp prices and extraordinary operational challenges due to severe storms in Portugal. Revenue for the quarter was EUR 159 million, down from EUR 200 million year-over-year, while EBITDA fell to EUR 5.4 million, resulting in a margin of 3.4%, a stark contrast to 14.5% in the same period last year. Management signaled optimism for Q2, expecting a recovery in profitability driven by improved pricing dynamics and normalized operations, despite maintaining a cautious outlook on macroeconomic conditions.

Reported metrics

Guidance from management

Management expects a meaningful recovery in profitability in Q2 2026, driven by improved pricing dynamics and normalized operations, with a focus on maintaining cost efficiencies.

What management said

Good morning, everyone, and thank you for joining Altri's First Quarter 2026 Results Conference Call. Today, we will review our financial performance, market conditions, operational highlights and outlook followed by a Q&A session. Joining us this morning are Mr. José Pina, Altri's Chief Executive Officer; and Mr. Miguel Silva, the Group's Chief Financial Officer. I will now pass the floor to Mr. José Pina.

Yes. Okay. Thank you, thank you. So I'll ask as well Miguel to comment a little bit on the cost side, but regarding the figures in terms of the impact, from what we see and again, all on site, I mentioned logistics operational stability, obviously, the difficulties we have with sourcing fiber because of not only availability but also we have to go to more locations. And some of that instability obviously remained and...

What analysts pressed on

Analysts expressed concerns about the sustainability of price increases in the face of new capacities coming online in Indonesia and China. They also questioned the potential impact of geopolitical tensions on logistics and energy costs, which could further pressure margins.

Main topics on the call

• Operational Challenges — The first quarter was heavily impacted by severe storms in Portugal, which disrupted logistics and increased operational costs. Management noted, 'the full impact has not been fully understood' but estimated the storm-re...
• Market Recovery Signals — Management highlighted early signs of recovery in the pulp market, particularly in China, stating that 'the impact of the U.S. tariffs is increasing' and that 'demand in China remained broadly stable.' This is expected t...
• EBITDA Margin Pressure — The EBITDA margin fell to 3.4% from 14.5% year-over-year, reflecting the combined effects of lower pulp prices and increased operational costs. CFO Miguel Silva emphasized that this performance was 'mainly driven by temp...
• Future Guidance — Management expects a 'meaningful improvement in profitability' in Q2 2026, supported by better pricing dynamics and normalized operations. They noted, 'we are already seeing a much more supportive environment with higher...

Read the full Altri, SGPS, S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 Altri, SGPS, S.A. earnings call transcripts on record, spanning May 27, 2022 to July 24, 2026. Based on this history, Altri, SGPS, S.A. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ALTR

Exchange

ENXTLS

Country

PT

Sector

Materials

Industry

Paper and Forest Products

Calls on record

16

First call

May 27, 2022

Most recent

July 24, 2026

Reporting cadence

quarterly