Grupo Iberpapel Reports Consolidated Earnings Results for the Year 2016
February 27, 2017
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Grupo Iberpapel reported consolidated earnings results for the year 2016. For the year, the company's net profit amounted to €20.1 million in 2016, growth of 24.79% from €16.11 million a year ago. EBITDA, meanwhile, was 12.95% higher year-on-year at €35.59 million €31.51 million a year ago. Revenue from sales narrowed 7.49% year-on-year to €201.89 million €218.24 million a year ago. These strong earnings at the consolidated level were underpinned by a clear-cut improvement in the cost structure and in pulp mill efficiency, which more than offset the top line contraction driven by market difficulties. Profit after tax was €20.10 million against €16.11 million a year ago.
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. 
