Iberpapel reports net profit of €22.9 million
Feb 23, 2012
Iberpapel’s net profit rose by 1% in 2011 to €22.87 million. EBITDA, was 1.15%
higher year-on-year, at €40.84 million.
Revenues at Iberpapel rose 2.56% over 2010 up to €213.91 million. Throughout 2011
the company forged ahead with its debt repayment program, achieving net cash balance
by year-end (leverage ratio: -5.58%).
The positive business and earnings performance was underpinned by favourable trends
in paper prices, the cost control policy and the group’s strong financial situation.
| (€ million) | 2011 | 2010 |
| Revenue | 213.91 | 208.57 |
| EBITDA | 40.84 | 40.38 |
| Profit after tax | 22.87 | 22.64 |
Press release