The cost control and energy efficiency measures adopted in 2009 enable the Iberpapel Group to overcome the slump in sector demand and prices in 2009

Madrid, 1 March 2010

Iberpapel has successfully overcome the challenging situation engulfing the paper industry, characterised by a significant slump in demand and prices for paper products. This trend was evidenced in virtually all European markets, with Spain, the UK and France among the nations hardest hit.

The company managed to post a similar performance in 2009 to that of 2008, above all thanks to its cost cutting efforts, the energy efficiency program rolled out and its flexible sales and marketing policy. As a result, net profit totalled €7 million in 2009 (€7.5 million in 2008), while revenue came in at €180.8 million (2008: €182.9 million).

The performance in the main consolidated income statement headings was the following:

(in thousands of euros)	Year ended 31/12/2009	Year ended 31/12/2008
Revenue	180.76	182.86
EBITDA	21.94	17.41
Profit after tax	7.03	7.48

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