Iberpapel Gestion : posts first-quarter net profit growth of 5.46%
May 01, 2017 at 09:03 pm EDT
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Press release / 1Q17 results
Iberpapel posts first-quarter net profit growth of 5.46%
Madrid, 26 April 2017.
The Iberpapel Group registered growth in its net profit of 5.46% year-on-year in the first quarter of 2017, while revenue was 2.63% higher at €55.08 million.
Iberpapel delivered this healthy earnings performance despite a less buoyant paper market compared to last year, marked by lower prices, evidencing the Group's enhanced efficiency.
(€ million)
1Q17
1Q16
Revenue
55.08
53.67
EBITDA
7.29
7.33
Profit after tax
3.69
3.50
For further information
Deva
Juan Torres / jtorres@deva.es 91 360 17 20
Iberpapel Gestion SA published this content on 28 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2017 01:03:11 UTC.
Original documenthttp://www.iberpapel.es/en/news/312-iberpapel-posts-first-quarter-net-profit-growth-of-5-46
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Iberpapel Gestion SA is a Spain-based holding company engaged in the paper industry. The Company operates through three divisions: Forestry, involved in the acquisition and cultivation of eucalyptus plantations in Argentina, Uruguay and Spain; Industrial, focused on the production of bleached pulp and paper products, and Commercial, specialized on the distribution of products such as printing and photocopy paper, offset paper, light-coated paper, laser printing paper, paper bags and envelopes. The Companyâs subsidiaries include Distribuidora Papelera SA, Moliner Dominguez y Cia SA, Ibereucaliptos SA, Papelera Guipuzcoana de Zicunaga SA, Central de Suministros de Artes Graficas Papel SA and Copaimex SA, among others. The Companyâs major shareholders include ONCHENA, SL and BESTINVER GESTION, SA.
IBERPAPEL GESTIÓN, S.A. 
