Iberpapel Gestión S A : First-half profit, of €7.10 million, is 67% ahead of that recognised in all of 2020
July 22, 2021 at 05:38 am EDT
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Press release | 1H21 results
First-half profit, of €7.10 million, is 67% ahead of that
recognised in all of 2020
Madrid, 21 July 2021
Earnings momentum was positive at Iberpapel in the first half of 2021: revenue amounted to €106.42 million, up 21.6% year-on-year. EBITDA came to €14.30 million and net profit reached €7.10 million, up 67% from the full-year 2020 profit of €4.24 million.
The earnings analysis evidences momentum in Iberpapel's business in the first six months of the year, particularly in the second quarter, when the trends were very positive. It is worth highlighting the growth in sales volumes - 27% year-on-year and growth of 4% compared to 2019 and 2018 - which, coupled with the recovery in sales prices in the latter part of the first half, albeit still considerably below 2020 levels, drove growth in revenue from paper sales of 18% to €84.6 million. Revenue in the electricity business also sustained growth, of 23%, driven by higher output and prices.
(€ m)
First-half 2021
First-half 2020
Revenue
106.42
87.51
EBITDA
14.30
12.75
Profit after tax
7.10
6.03
In light of the company's healthy performance, it was agreed at the Annual General Meeting to distribute a single, final dividend from 2020 profits of €0.10 per share (before withholding tax), which was paid out on 15 July.
Iberpapel Gestion SA published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 09:37:07 UTC.
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. 
