Iberpapel reports growth in net profit of 12.76% to €18.6 million
Oct 02, 2011
Iberpapel’s net profit rose by 12.76% year-on-year to €18.6 million in the first nine months of
2011 (9M10: €16.5 million). Revenue surpassed €166 million, year-on-year growth of 6.11%
(9M10: €156.7 million).
The company continued to perform well in the third quarter to leave EBITDA for the ninemonth period at €32.3 million, growth of 4.65% on the year-earlier figure (€30.8 million).
Revenue from paper sales at Iberpapel rose by 5.34%, underpinned by growth of 4.7% in
average sales prices and volume growth of 0.7%.
The company’s current and non-current bank debt at 30 September 2011 stood at €1.8 million,
€27.4 million less than at year-end 2010.
| (€ million) | 9M11 | 9M10 | Change (%) |
| Revenue | 166.29 | 156.71 | 6.11% |
| EBITDA | 32.30 | 30.87 | 4.65% |
| Profit after tax | 18.65 | 16.54 | 12.76% |
Press release