Iberpapel Gestión S A : Net profit at Iberpapel climbs 6%
July 27, 2022
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Net profit at Iberpapel climbs 6%
Jul 28, 2022
Iberpapel's revenue increased by 54.04% year-on-year in the first half of 2022 to €163.93 million. That topline performance was enabled by the implementation of price adjustments in response to the prevailing market situation.
EBITDA registered growth of 3.68% to €14.83 million, while net profit was 6.11% higher year-on-year at €7.54 million.
Russia's invasion of Ukraine has tensed the market, triggering unprecedented increases in energy, logistics and raw material costs. Moreover, the recent regulatory changes introduced by Spain's Ministry of Ecological Transition and Demographic Challenges, which impact the energy market and have prompted much of the industrial sector to idle their co-generation facilities, are impacting the manufacturing sector and the national energy system as a whole.
(€ million)
1H22
1H21
Revenue
163.93
106.42
EBITDA
14.83
14.30
Profit after tax
7.54
7.10
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Iberpapel Gestion SA published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 09:13:02 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. 
