Press release
Iberpapel reports growth of 39% in profits despite slowdown in demand
Yesterday, the Company announced it had signed a deposit agreement for the sale of forest land - Los Eucaliptus S.A. (11,280.72 hectares) - representing approximately 40% of the Group’s total forest land area for USD55 million, a transaction which will have a very significant impact on its statement of profit or loss.Iberpapel’s profits jump 70.5% despite macroeconomic, geopolitical and regulatory uncertainty
In a year marked by macroeconomic and geopolitical uncertainty following the outbreak of war between Ukraine and Russia, Iberpapel generated net profit of €15.8 million, up 70.5% from 2021.Iberpapel’s active management mitigates higher energy costs and regulatory impacts
In the first nine months of the year Iberpapel reported revenue of €230.79 million, year-on-year growth of 40.17%, thanks to the price strategy implemented by the company to address the unstable macroeconomic and geopolitical environment.
Net profit at Iberpapel climbs 6%
Iberpapel’s revenue increased by 54.04% year-on-year in the first half of 2022 to €163.93 million. That topline performance was enabled by the implementation of price adjustments in response to the prevailing market situation.Iberpapel mitigates the impact of inflation and its annual mill stoppage, posting profit growth of 21%
Iberpapel’s first-quarter 2022 net profit totalled 2.82 million euros, year-on-year growth of 20.78%, despite an adverse business climate.