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Investment effort

Emphasis on sustainability

and the environment

Implementation

of alternative energy sources

Productivity

and cost leadership

High degree of production

processs integration

Manufacturing to order

Sound financial situation

Iberpapel group

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.

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