Altri drops after weak Q2 results

Altri, SGPS

25/07/2025 10:57

Corrects typo in analyst's surname in the third bullet

** Shares of Portuguese pulp producer Altri ALSS.LS fall 2% after it reported a "poor" second-quarter results on Thursday

** The company said the US tariffs established on a large part of imports, with a significant impact on the Asian/China region, was a central factor for slowdown in global pulp demand during Q2

** "Summing up, a poor quarter, below our forecasts, was impacted by lower blended sales prices and lower volumes, while cashflow disappointed," says AS Independent Research's analyst António Seladas

** He also notes the short-term prospects remain bleak, even if pulp prices at current levels should not be held for too long

** "Nevertheless, we must adjust our forecasts, while still believe that 2026 and 2027 could be positive years to pulp prices," the analyst adds

** Up to the previous session's close, shares were down 7.6%​ year-to-date

 (Reporting by Marta Serafinko in Gdansk)

 ((Marta.Serafinko@thomsonreuters.com; +48 58 769 66 00;))