Europac Group announced consolidated earnings results for the first nine months ended September 30, 2017. The company recorded a net profit of EUR 58.2 million, 81.8% up on last year. In a context of 9.7% growth in turnover to EUR 876.9 million, consolidated EBITDA grew by 31.6% to EUR 118.3 million, while EBIT grew by 44.7% to EUR 78.0 million. In a context of 9.7% growth in turnover to EUR 876.9 million, consolidated EBITDA grew by 31.6% to EUR 118.3 million. Consolidated EBITDA includes positive and negative extraordinary effects resulting mainly from the sale of the packaging factory in Tangier and the logistics operator at the port of Viana do Castelo, as well as the settlement of the guarantees linked to the acquisition of the paper and packaging factories in Rouen (France) in 2008 for a total net amount of EUR 14 million. The improvement in Europac's performance between 1 January and 30 September is a result of the rises in sales prices of recycled and kraftliner paper in a context of strong demand and low stocks, which the company believes will continue over 2018. Specifically, according to official industry data, the average sales price in the first nine months of the year compared with the same period of the previous year rose by EUR 29 per tonne for recycled paper and EUR 52 per tonne for kraftliner paper. Internal operational and commercial management projects aimed at increasing revenue and profitability, as well as investments made to increase capacity, have also contributed towards improving results.