Iberpapel Group Reports Earnings Results for the First Half of 2016
July 27, 2016
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Iberpapel Group reported earnings results for the first half of 2016. For the period, the company reported revenue of €104.26 million, EBITDA of €17.91 million and profit after tax of €9.38 million compared to revenue of €112.39 million, EBITDA of €11.91 million and profit after tax of €5.49 million a year ago. Revenue from paper sales declined by 3.5%, driven by lower sales volumes. Nevertheless, net profit rose sharply, evidencing the company's ability to defend its margins.
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. 
