Iberpapel Gestión S A : mitigates the impact of inflation and its annual mill stoppage, posting profit growth of 21%
May 02, 2022
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Iberpapel mitigates the impact of inflation and its annual mill stoppage, posting profit growth of 21%
May 03, 2022
Iberpapel's first-quarter 2022 net profit totalled 2.82 million euros, year-on-year growth of 20.78%, despite an adverse business climate: although the return of normality on the health front is good for the recovery, energy, especially gas, and commodity prices remain high, a situation exacerbated by the war that broke out in Ukraine at the end of February.
In addition, paper sales volumes decreased by 9% as a result of maintenance work carried out at the company's manufacturing facilities in March, which implied a 12-day production stoppage.
The company managed to pass on significant product price increases, offsetting the impact of the increase in costs caused by the prevailing inflationary climate. As a result, EBITDA registered growth of 7.74% from 1Q21 to €6.25 million. Revenue, meanwhile, increased to €83.42 million in the first quarter of 2022, up 72% year-on-year, thanks to growth in revenue from paper sales (+35%, despite the drop in sales volumes attributable to the maintenance stoppage) and energy sales (+274%, fuelled by the growth in energy prices).
(€ million)
1Q22
1Q21
Revenue
83.42
48.47
EBITDA
6.25
5.80
Profit after tax
2.81
2.33
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Iberpapel Gestion SA published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:02:04 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. 
