Grupo Iberpapel reports net profit of €9.1 million, growth of 25.27%
Feb 27, 2015
Grupo Iberpapel‘s net profit amounted to €9.1 million in 2014, marking growth of 25.27% from 2013, despite the adverse impact of the recently passed electricity sector reforms. EBITDA, meanwhile, was €26.2 million, up 19.97% from 2013.
Revenue from sales declined 4.59% year-on-year to €200.1 million. The topline contraction was driven by a 29.02% decline in revenue from electricity sales. The improvement in Grupo Iberpapel‘s profitability is attributable to the notably streamlined cost structure and significant growth in pulp (+12%) and paper (+8%) production.
| (€ million) | 2014 | 2013 |
| Revenue | 200.1 | 209.8 |
| EBITDA | 26.2 | 21.9 |
| Profit after tax | 9.1 | 7.3 |
Press release