Iberpapel Gestion : posts first-quarter net profit of €3.5 million
April 22, 2016 at 09:35 am EDT
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Revenue amounted to €53.67 million, down 8.44% from the first quarter of 2015, while EBITDA came in at €7.34 million, year-on-year growth of 33.47%.
This earnings performance reflects a stronger paper price environment in comparison with first-quarter 2015 sales prices, coupled with improved overall industrial efficiency at the Group level. These factors were further enhanced by lower energy costs.
Iberpapel Gestion SA issued this content on 22 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 April 2016 13:34:32 UTC
Original Document: http://www.iberpapel.es/en/news/294-iberpapel-posts-first-quarter-net-profit-of-3-5-million
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. 
