Altri SGPS S A : Apresentação de Resultados 1T 2026

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[{"type":"text","content":"\n \n ‌Conference Call‌\n \n \n 1Q26 → Conference Call → 1\n 1Q26\n \n \n ‌Main Highlights of 1Q26\n \n After a challenging 2025 for the global pulp sector, we see a few positive dynamics in early 2026. Supply-demand seems more balanced, the tariffs announced by the USA seem more absorbed by value chains. Positive demand from China gave support to recent BHKP price increases while the competitiveness of DP is improving vs its competitive fossil based synthetic fibres\n Pulp Market\n EBITDA reached € 5.4 M in the 1Q26 (-82% YoY), implying a margin of 3.4% (vs 14.5% in the 1Q25). This decrease is mainly attributed to lower net pulp prices, the devaluation of the USD and higher costs with logistics and energy, related with severe storms occurred in Portugal during the quarter. With operations normalizing, a significant improvement in profitability is expected in 2Q26, driven by improvements in pricing and cost efficiency.\n Storms impact First Quarter\n \n Growth and Diversification\n \n \n The acetic acid and furfural project at Caima should be concluded in June 2026 while at Biotek, the full\n \n \n migration of BHKP production to DP until the end of 2026 continues underway.\n \n \n The Group has also initiated investment in a pre-industrial filament unit aimed at scaling up the AeoniQ activity, enabling increased production levels and accelerating customer qualification processes in this new sustainable textile fiber market.\n \n \n 1Q26 → Conference Call → 2\n ‌Market Highlights\n \n \n Global pulp demand had a slow start of the year, but some trends remain unchanged, with Hardwood gaining to Softwood and China outperforming the global market\n \n Global Pulp Demand by Type\n \n \n 1Q26\n \n \n YoY\n \n \n Hardwood\n \n \n 10 243\n \n \n -2.4%\n \n \n Softwood\n \n \n 5 924\n \n \n -6.1%\n \n \n Unbleached Sulphate\n \n \n 641\n \n \n -6.8%\n \n \n Sulphite\n \n \n 20\n \n \n 1.7%\n \n \n Total\n \n \n 16 828\n \n \n -3.9%\n \n \n Hardwood Pulp Demand by Region (1Q26)\n \n \n YoY\n \n \n North America\n \n \n 848\n \n \n 5.4%\n \n \n Western Europe\n \n \n 1 931\n \n \n -3.2%\n \n \n Eastern Europe\n \n \n 447\n \n \n 1.3%\n \n \n Latin America\n \n \n 704\n \n \n 0.0%\n \n \n Japan\n \n \n 234\n \n \n -6.4%\n \n \n China\n \n \n 4 586\n \n \n 0.2%\n \n \n Rest of Asia/Africa\n \n \n 1 444\n \n \n -13.6%\n \n \n Oceania\n \n \n...

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