Altri, a leading Portuguese pulp producer, declared a EUR 0.25 dividend relating to the 2016 financial year. According to the announcement, the dividend is payable as from May 15, 2017.
In 4Q2016 Altri reported 33% decrease of EBITDA amid 6.7% decrease of revenues.
Earlier Altri Group announced an investment into the brown stock washing process upgrade at its mill in Portugal.
The company is a leading Portuguese pulp producer. Its main focus is the production of bleached eucalyptus pulp, being one of the lowest cost producers in Europe. The company operates three pulp mills – Celbi (nominal capacity 600ktpa), Caima (120ktpa) and Celtejo (140ktpa). Altri also manages around 84,000 ha of forest in Portugal certified by FSC and PEFC. The wood self-sufficiency rate stands around 30%.