Iberpapel posts first-quarter net profit of €3.5 million
Apr 22, 2016
Revenue amounted to €53.67 million, down 8.44% from the first quarter of 2015, while EBITDA came in at €7.34 million, year-on-year growth of 33.47%.
This earnings performance reflects a stronger paper price environment in comparison with first-quarter 2015 sales prices, coupled with improved overall industrial efficiency at the Group level. These factors were further enhanced by lower energy costs.
Press release