Iberpapel posts €21.68 million net profit in complex market environment
Feb 26, 2020
In a year that was particularly challenging, due to the correction in pulp prices and the economic slowdown around the world, eroding demand for printing and writing paper, Iberpapel posted a net profit of €21.7 million, down 14% year-on-year.
The Group was also affected by the strike in the paper sector in Guipuzcoa in June and July.
In this complex environment, Iberpapel defended its EBITDA reasonably well: at €37 million, 2019 EBITDA was 9.57% lower than in 2018. Revenue amounted to €213.5 million, down a slight 3.44% from the €221.1 million recorded in 2018.
| (€ million) | 2019 | 2018 |
| Revenue | 213.47 | 221.07 |
| EBITDA | 36.99 | 40.91 |
| Profit after tax | 21.68 | 25.21 |
Press release