Iberpapel Gestion : Grupo Iberpapel's net profit jumps 24.79% to €20.1 million
March 01, 2017 at 10:33 am EST
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Grupo Iberpapel's net profit amounted to €20.1 million in 2016, growth of 24.79% from 2015 (€16.11 million). EBITDA, meanwhile, was 12.95% higher year-on-year at €35.59 million (2015: €31.51 million).
Revenue from sales narrowed 7.49% year-on-year to €201.89 million (from €218.24 million in 2015).
These strong earnings at the consolidated level were underpinned by a clear-cut improvement in the cost structure and in pulp mill efficiency, which more than offset the topline contraction driven by market difficulties.
(€ million)
2016
2015
Revenue
201.89
218.24
EBITDA
35.60
31.52
Profit after tax
20.10
16.11
At a meeting held yesterday, the Board of Directors approved an interim dividend from 2016 profits of €0.30 per outstanding share carrying dividend rights (before withholding tax). It also resolved to submit a motion at the Annual General Meeting for the payment of a final dividend of €0.35 per outstanding share carrying dividend rights.
Iberpapel Gestion SA published this content on 01 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 March 2017 15:33:05 UTC.
Original documenthttp://www.iberpapel.es/en/news/307-grupo-iberpapel-s-net-profit-jumps-24-79-to-20-1-million
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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. 
