{"id":19791,"date":"2014-02-19T13:58:33","date_gmt":"2014-02-19T12:58:33","guid":{"rendered":"https:\/\/iberpapel.ciset.net\/en\/?p=19791"},"modified":"2021-06-14T15:29:56","modified_gmt":"2021-06-14T13:29:56","slug":"iberpapel-group-reports-net-profit-of-e7-3-million","status":"publish","type":"post","link":"https:\/\/www.iberpapel.es\/en\/iberpapel-group-reports-net-profit-of-e7-3-million\/","title":{"rendered":"Iberpapel Group reports net profit of \u20ac7.3 million"},"content":{"rendered":"

Electricity sector regulatory reform in Spain, coupled with the challenging state of the <\/span>paper market, undermined the Iberpapel Group\u2019s earnings in 2013.<\/span><\/span><\/p>\n

<\/span>Nevertheless, its financial strength and high efficiency levels enabled it to present a net profit of \u20ac7.3 million (\u20ac17.4 in 2012, a figure that included a non-recurring gain of \u20ac4.5 million).<\/span><\/span><\/span><\/p>\n

Papelera Guipuzcoana de Zicu\u00f1aga, the Iberpapel Gr<\/span>oup\u2019s industrial subsidiary, owns <\/span>two power generation facilities regulated by Spain\u2019s special renewable energy regime: a <\/span>combined cycle cogeneration facility and a biomass plant.<\/span><\/span><\/p>\n

The retroactive application of the new electricity tariffs had the effect of reducing the <\/span>Iberpapel Group\u2019s re<\/span>venue from energy sales by 8.37% (to \u20ac46.1 million) with respect <\/span>to 2012 levels (\u20ac50.3 million).<\/span><\/span><\/p>\n

The Group generated \u20ac21.9 million of EBITDA (\u20ac33.05 million in 2012). Revenue from <\/span>sales narrowed 2.95% year<\/span>-on<\/span>-year to \u20ac209.8 million (from \u20ac216.13 million in 2012). <\/span>Group revenue totalled \u20ac215.1 million.<\/span><\/span><\/p>\n

On 18 February 2014, the Board of Directors agreed to pay a pre<\/span>-tax interim dividend <\/span>of \u20ac0.15 per share.<\/span><\/span><\/p>\n\n\n\n\n\n\n
(\u20ac million)<\/em><\/td>\nFY13<\/span><\/span><\/td>\nFY12<\/span><\/span><\/td>\n<\/tr>\n
Revenue<\/td>\n209.8<\/span><\/span><\/td>\n216.13<\/span><\/span><\/td>\n<\/tr>\n
EBITDA<\/td>\n21.9<\/span><\/span><\/td>\n33.05<\/span><\/span><\/td>\n<\/tr>\n
Profit after tax<\/td>\n7.3<\/span><\/span><\/td>\n17.4<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Related documents<\/h3>\n
\n

Press release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Electricity sector regulatory reform in Spain, coupled with the challenging state of the paper market, undermined the Iberpapel Group\u2019s earnings in 2013.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19791","post","type-post","status-publish","format-standard","hentry","category-press-release"],"_links":{"self":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/19791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/comments?post=19791"}],"version-history":[{"count":0,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/19791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/media?parent=19791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/categories?post=19791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/tags?post=19791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}