{"id":20452,"date":"2022-10-27T17:52:55","date_gmt":"2022-10-27T15:52:55","guid":{"rendered":"https:\/\/www.iberpapel.es\/en\/?p=20452"},"modified":"2022-10-28T17:55:24","modified_gmt":"2022-10-28T15:55:24","slug":"iberpapels-active-management-mitigates-higher-energy-costs-and-regulatory-impacts","status":"publish","type":"post","link":"https:\/\/www.iberpapel.es\/en\/iberpapels-active-management-mitigates-higher-energy-costs-and-regulatory-impacts\/","title":{"rendered":"Iberpapel\u2019s active management mitigates higher energy costs and regulatory impacts"},"content":{"rendered":"

In the first nine months of the year Iberpapel reported revenue of \u20ac230.79 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.<\/p>\n

<\/p>\n

However, the impact of regulatory developments in the third quarter, specifically co-generators\u2019 inability to participate in the government’s gas price adjustment measures, forced the company to stop its co-generation plant in Hernani, resulting in high and unforeseen costs. As a result, EBITDA narrowed by 17.06% year-on-year to \u20ac16.47 million, while net profit ended the period at \u20ac6.2 million.<\/p>\n

New legislation passed on 20 September 2022 (Royal Decree-Law 17\/2022), introducing urgent energy measures, remedies that situation. That, coupled with termination of the previous gas supply contract, among other measures taken by the company, point to a better performance during the last quarter of the year.<\/p>\n\n\n\n\n\n\n
(\u20ac million)<\/em><\/td>\n9M22<\/td>\n9M21<\/td>\n<\/tr>\n
Revenue<\/td>\n230.79<\/td>\n164.65<\/td>\n<\/tr>\n
EBITDA<\/td>\n16.47<\/td>\n19.86<\/td>\n<\/tr>\n
Profit after tax<\/td>\n6.20<\/td>\n10.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Related documents<\/h3>\n
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\"PressPress release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the first nine months of the year Iberpapel reported revenue of \u20ac230.79 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.<\/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-20452","post","type-post","status-publish","format-standard","hentry","category-press-release"],"_links":{"self":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/20452","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=20452"}],"version-history":[{"count":0,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/posts\/20452\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/media?parent=20452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/categories?post=20452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iberpapel.es\/en\/wp-json\/wp\/v2\/tags?post=20452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}