Iberpapel Gestión S A : profits jump 70.5% despite macroeconomic, geopolitical and regulatory uncertainty
February 23, 2023
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Iberpapel's profits jump 70.5% despite macroeconomic, geopolitical and regulatory uncertainty
Feb 24, 2023
In a year marked by macroeconomic and geopolitical uncertainty following the outbreak of war between Ukraine and Russia, Iberpapel generated net profit of €15.8 million, up 70.5% from 2021.
That result was boosted by the revaluation of the Group's forestry assets in Uruguay.
Iberpapel's efficient management drove EBITDA to €30.18 million, growth of 43.3% from 2021.
Revenue was 24.4% higher at €295.02 million, thanks to growth of 38.5% in revenue from paper sales.
Revenue from electricity sales declined by 18.5% due to the idling of the gas CHP plants on account of high gas prices last year.
Iberpapel Gestion SA published this content on 24 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 09:48:09 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. 
