Iberpapel’s net profit soars 222% in 2010
Feb 28, 2011
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
health.
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
7.62%
| (€ million) | 31/12/2010 | 31/12/2009 |
| Revenue | 208.57 | 180.76 |
| EBITDA | 40.38 | 21.93 |
| Profit after tax | 22.64 | 7.03 |
Press release