Grupo Iberpapel generated net profit of \u20ac9.7 million in the first six months of 2010,
\ncompared to \u20ac2.1 million in 1H09. Profit before tax totalled \u20ac13.3 million, soaring from
\n\u20ac2.7 million in the first six months of last year.<\/p>\n
<\/p>\n
These strong results were driven by consolidation of the price recovery trend already
\nevident in the first quarter of the year, as well as the Cost Control Plan and the Energy
\nEfficiency Program, which enabled Grupo Iberpapel to lift its profit margins while
\ncontinuing to reduce debt.<\/p>\n
First-quarter revenue amounted to \u20ac106.7 million, year-on-year growth of 7.5%.
\nIberpapel\u2019s EBITDA more than doubled (growth of over 110%) to \u20ac19.9 million,
\ncompared to \u20ac9.5 million in 1H09.<\/p>\n
By the same token, short and long term bank debt was cut by 39.8% from the year-end
\n2009 balance, leaving leverage at 7.8%, compared to 15.3% at year-end.<\/p>\n
(\u20ac million)<\/em><\/td>\n| 1H10<\/td>\n | 1H09<\/td>\n | Change (%)<\/td>\n<\/tr>\n | Revenue<\/td>\n | 106,703<\/td>\n | 99,282<\/td>\n | +7.5%<\/td>\n<\/tr>\n | EBITDA<\/td>\n | 19,955<\/td>\n | 9,484<\/td>\n | +110.4%<\/td>\n<\/tr>\n | Profit before tax<\/td>\n | 13,342<\/td>\n | 2,721<\/td>\n | +390.3%<\/td>\n<\/tr>\n | Net profit<\/td>\n | 9,729<\/td>\n | 2,136<\/td>\n | +355.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | Related documents<\/h3>\n |
![](\"\/wp-content\/uploads\/icondescarga.png\" "\\"Press")
Press release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"