The net result of the continuing operations of the Altri reached 19.6 million euros in the first quarter of this yeara 34.3% reduction year-over-year, the group said in a statement.
“The financial performance of the Altri group was influenced by sales volume. Total revenue reached 224.7 million euros, a decrease of 9.9% compared to the first three months of 2022, influenced both by the effect of destocking as well as the lower contribution of energy sales”, indicated the company, in the same note.
According to Altri, the evolution of income, associated with the main variable costs, “which continue at a level higher than that observed in the first quarter of last year, ended up causing a negative evolution in the margin compared to the same quarter”, and in the In the first quarter, EBITDA (results before taxes, interest, depreciation and amortization) reached 50.2 million euros, a decrease of 17.6%, he highlighted.
Source: Observadora
