Madrid, 11 May 2010
Grupo Iberpapel generated net profit of €1.9 million in the first quarter of 2010
(compared to €315k in 1Q09). Profit before tax totalled €2.5 million (€624k in 1Q09).
First-quarter revenue from sales amounted to €51.9 million. Total Group revenue from
sales of paper, wood and electricity, and including other income, totalled €53.4 million.
EBITDA was €5.9 million in 1Q10, year-on-year growth of 43.5%.
The adverse market trends affecting 2009 reversed course in March 2010, when prices
began to stage a recovery. The Cost Control Plan and the Energy Efficiency Program
enabled Grupo Iberpapel to lift its profit margins while continuing to reduce debt.
| (Thousands of euros) |
1Q10 |
1Q09 |
| Revenue |
51,858 |
53,438 |
| EBITDA |
5,888 |
4,102 |
| Profit before tax |
2,519 |
624 |
| Net profit |
1,874 |
315 |
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