Iberpapel posts first-quarter net profit of €5.34 million
Apr 26, 2012
Against an extremely adverse economic backdrop, the Iberpapel Group generated net
profit of €5.34 million in the first quarter of 2012.
First-quarter revenue amounted to
€58.48 million. EBITDA was over €10 million, implying an EBITDA margin of
17.20%.
The paper market was characterised by higher pulp prices and somewhat lethargic
demand in the first quarter of the year. In Europe the sector appears to have attained a
degree of supply-demand equilibrium in the wake of last year’s capacity closures.
| (€ million) | 1Q12 | 1Q11 |
| Revenue | 58.48 | 62.47 |
| EBITDA | 10.06 | 11.37 |
| Profit after tax | 5.34 | 8.19 |
Press release