Iberpapel’s net profit soars 222% in 2010
Iberpapel generated a record €22.64 million in net profit in 2010, EBITDA climbed 84% year-on-year to €40.38 million, The upswing in demand, coupled with heavy investing in recent years, underpinned, this healthy business performance.
Iberpapel’s net profit rose by 222% in 2010 to €22.64 million. EBITDA, meanwhile, was 84% higher year-on-year, at €40.38 million.
This strong business and earnings performance was underpinned by favourable trends in
paper prices, enhanced energy efficiency, cost control and the group’s strong financial
Revenue at Iberpapel rose 15.4% on 2009 to over €208.57 million. The company
continued to repay debt throughout 2010. By year-end, the leverage ratio had fallen to
|Profit after tax||22.64||7.03|