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Investment effort

Emphasis on sustainability

and the environment


of alternative energy sources


and cost leadership

High degree of production

processs integration

Manufacturing to order

Sound financial situation

Iberpapel group

The gravity of the global pandemic induced by Covid-19 has implied the mass closure of offices, ministries, schools, etc. and has triggered a clear-cut contraction in demand for paper around the world.

Nevertheless, Iberpapel managed to defend its market position, registering a year-on- year decline in sales revenue of 24.12%. Revenue from the power generation side of the business also contracted by 24.88% year-on-year.

The Iberpapel Group's businesses were included in Spain's list of 'essential' activities, so that its operations continued throughout, albeit reducing production on occasion as most companies did. In the first half of 2020, the Group posted a net profit of €6.03 million, down 53% from the first half of 2019. Revenue amounted to €87.51 million, down 25.18% year-on-year, and EBITDA came in at €12.75 million, down 39.12%.

(€ million) 1H20 1H19
Revenue 87.51 116.97
EBITDA 12.75 20.94
Profit after tax 6.03 12.88


As part of Iberpapel's plans for the modernisation of its mill in Hernani, the work on the new facilities will be completed at the end of July and they will be connected up to the existing facilities in the pulp mill, which will require a production stoppage of approximately 50 days that will, logically, affect the company's second-half earnings.

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